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Experience:  Post Graduate Diploma in Management (MBA)
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# Harris Company had checks outstanding totaling \$15,400 on its

### Resolved Question:

Harris Company had checks outstanding totaling \$15,400 on its May bank reconciliation. In June, Harris Company issued checks totaling \$64,900. The June bank statement shows that \$37,600 in checks cleared the bank in June. A check from one of Harris Company's customers in the amount of \$300 was also returned marked "NSF." The amount of outstanding checks on Harris Company's June bank reconciliation should be

a. \$49,500.
b. \$53,000.
c. \$37,600.
d. \$42,700.
Submitted: 4 years ago.
Category: Homework
Expert:  Linda_us replied 4 years ago.
HiCustomerbr />

Explanation \$15400+\$64,900 - 37,600 = \$42,700

Regards

Linda

Accept the answer only if you 100% satisfied with my work and leave a positive feedback. Incase you need clarification or information please let me know.

Edited by linda_us on 10/15/2009 at 12:48 AM EST
Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7080
Experience: Post Graduate Diploma in Management (MBA)
Customer: replied 4 years ago.
Thank you very much
Expert:  Linda_us replied 4 years ago.
Thanks for your trust and do leave a positive feedback.
Customer: replied 4 years ago.
I just sent another question, I hope you get it, It is on petty cash.
Expert:  Linda_us replied 4 years ago.
Hi
It has already been answered by an expert. hope to be of service another time
Regards
Customer: replied 4 years ago.
I posted this question also, can you find it an answer it???

Jamison Company developed the following reconciling information in preparing its June bank reconciliation:

Cash per bank,6/30 \$13,000
Note receivable collected by bank 4,000
Outstandin Checks 7,000
Deposit-in-transit 2,500
Bank service charge 35
NSF 1,900

Using the above information, determine the cash balance per books (before adjustments) for the Jamison Company.
Expert:  Linda_us replied 4 years ago.
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Linda_us, Finance, Accounts & Homework Tutor
Category: Homework
Satisfied Customers: 7080
Experience: Post Graduate Diploma in Management (MBA)

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