Essay
The following information is from Madison Corporation's accounting records for May. Check #3269 was returned as a double payment and voided. Checks that have not cleared the bank include #3252, #3260, and series #3275-3278.
In addition to the above list of the checks, Madison had check #2264 for $32.98 and check #2655 for $45.99 outstanding previously that have not cleared.
1. Create an outstanding checks list for Madison at the end of May.
2. What is the total amount of checks that cleared the bank (written in May)?
Correct Answer:

Verified
1.
_TB2281_00
2. St...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
2. St...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q12: Cash equivalents include<br>A) checks<br>B) coins and currency<br>C)
Q31: Money orders are considered cash.
Q41: The amount of the outstanding checks is
Q68: Accompanying the bank statement was a debit
Q113: Expenditures from a petty cash fund are
Q130: Receipts from cash sales of $3,200 were
Q150: A business that requires all cash payments
Q186: When the petty cash fund is replenished,
Q187: The actual cash received during the
Q192: Select best of the following reconciling items