The Cash account in the general ledger showed a balance of $3,600 at June 30. The bank statement showed a balance of $4,500 at June 30. The only reconciling items consisted of a $700 deposit in transit, a bank service charge of $7, and several outstanding checks. What is the total amount of outstanding checks at June 30? A. $1,513 B . $1,486 C. $1,607 D. Some other amount
The Cash account in the general ledger showed a balance of $3,600 at June 30. The bank statement showed a balance of $4,500 at June 30. The only reconciling items consisted of a $700 deposit in transit, a bank service charge of $7, and several outstanding checks. What is the total amount of outstanding checks at June 30? A. $1,513 B . $1,486 C. $1,607 D. Some other amount
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 3E
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