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Hot Sox Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July, Hot Sox Company issued checks totaling $78,900. The July bank statement shows that $71,400 in 10) checks cleared the bank in July. A check from one of Hot Sox Company's customers in the amount of $2,200 was also returned marked "NSF." What is the amount of outstanding checks on Hot Sox Company's July bank reconciliation?

Hot Sox Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July, Hot Sox Company issued checks totaling $78,900. The July bank statement shows that $71,400 in 10) checks cleared the bank in July. A check from one of Hot Sox Company's customers in the amount of $2,200 was also returned marked "NSF." What is the amount of outstanding checks on Hot Sox Company's July bank reconciliation?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
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10) Hot Sox Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July, Hot Sox Company issued checks totaling $78,900. The July bank statement shows that $71,400 in checks cleared the bank in July. A check from one of Hot Sox Company's customers in the amount of $2,200 was also returned marked "NSF." What is the amount of outstanding checks on Hot Sox Company's July bank reconciliation?
Transcribed Image Text:10) Hot Sox Company had checks outstanding totaling $18,200 on its June bank reconciliation. In July, Hot Sox Company issued checks totaling $78,900. The July bank statement shows that $71,400 in checks cleared the bank in July. A check from one of Hot Sox Company's customers in the amount of $2,200 was also returned marked "NSF." What is the amount of outstanding checks on Hot Sox Company's July bank reconciliation?
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