Swifty Company had checks outstanding totaling $9100 on its June bank reconciliation. In July, Swifty Company issued checks totaling $77200. The July bank statement shows that $76000 in checks cleared the bank in July. A check from one of Swifty Company's customers in the amount of $910 was also returned marked "NSF." The amount of outstanding checks on Swifty Company's July bank reconciliation should be O $11210. O $10300. O $1200. O $9390.
Swifty Company had checks outstanding totaling $9100 on its June bank reconciliation. In July, Swifty Company issued checks totaling $77200. The July bank statement shows that $76000 in checks cleared the bank in July. A check from one of Swifty Company's customers in the amount of $910 was also returned marked "NSF." The amount of outstanding checks on Swifty Company's July bank reconciliation should be O $11210. O $10300. O $1200. O $9390.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Swifty Company had checks outstanding totaling $9100 on its June bank reconciliation. In July, Swifty Company issued checks totaling
$77200. The July bank statement shows that $76000 in checks cleared the bank in July. A check from one of Swifty Company's
customers in the amount of $910 was also returned marked "NSF." The amount of outstanding checks on Swifty Company's July bank
reconciliation should be
O $11210.
O $10300.
O $1200.
O $9390.
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