When preparing a bank reconciliation, the adjusted cash balance per bank is $9,685.The cash balance per bank statement is $11,873 and deposits in transit are $3,429. What amount represents outstanding checks for the most recent banking period? (Show working)

Sep 8, 2023

When preparing a bank reconciliation, the adjusted cash balance per bank is $9,685.The cash balance per bank statement is $11,873 and deposits in transit are $3,429.

What amount represents outstanding checks for the most recent banking period?

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When preparing a bank reconciliation, the adjusted cash balance per bank is $9,685.The cash balance per bank statement is $11,873 and deposits in transit are $3,429. What amount represents outstanding checks for the most recent banking period? (Show working)
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