Question 4 On Andrew Corp.'s April bank reconciliation, cheques outstanding totalled $9,620. In May, the...
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Accounting
Question 4 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 $12,495. $12,170. $2,550. $11,845
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