Solved

On Andrew Corp

Question 56

Multiple Choice

On Andrew Corp.'s April bank reconciliation, cheques outstanding totalled $9,620.In May, the corporation issued cheques totalling $26,800.The May bank statement shows that $24,250 in cheques cleared the bank in May.A cheque from one of Andrew Corp.'s customers in the amount of $325 was also returned marked "NSF." The amount of outstanding cheques on Andrew's May bank reconciliation should be


A) $2,550.
B) $11,845.
C) $12,495.
D) $12,170.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions