Glacier Corporation had cheques outstanding totalling $6,600 on its May bank reconciliation. In June, Glacier...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Glacier Corporation had cheques outstanding totalling $6,600 on its May bank reconciliation. In June, Glacier Corporation issued cheques totalling $57,700. The June bank statement shows that $56,100 in cheques cleared the bank in June. The amount of outstanding cheques on Glaciers June bank reconciliation is
$1,600.
$3,000.
$8,600.
$8,200.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!