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Harris Company had checks outstanding totaling $15,400

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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.

Hi Customer

The answer is (d) $42700

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


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Customer: replied 7 years ago.
Thank you very much
Customer: replied 7 years ago.

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.


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