Acc280 Financial Accounting: E8-10 On April 30, the bank reconciliation of Galena Company

Important Reminder!!! There might be other versions of this problem - amounts and dates have been changed - so please make sure you review and compare this tutorial to the problem in your homework. Even with different amounts, format and way of solving the problem is still the same so pleases be guided accordingly. Acc280 Financial Accounting E8-10 On April 30, the bank reconciliation of Galena Company shows three outstanding checks: no. 254, $650, no. 255, $820, and no. 257, $410.The May bank statement and the May cash payments journal show the following. Bank Statement Cash Payments Journal Checks Paid Checks Issued Date Check No. Amount Date Check No. Amount 4-May 254 650 2-May 258 159 2-May 257 410 5-May 259 275 17-May 258 159 10-May 260 890 12-May 259 275 15-May 261 500 20-May 261 500 22-May 262 750 29-May 263 480 24-May 263 480 30-May 262 750 29-May 264 560 Instructions Using step 2 in the reconciliation procedure, list the outstanding checks at May 31.
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