Reconciliation procedure

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Reference no: EM13531543

At April 30, the bank reconciliation of Silvestre Company shows three outstanding checks: No. 254 $650, No. 255 $700, and No. 257 $410. The May bank statement and the May cash payments journal are given here.

Bank Statement 
Checks Paid

Date

Check No.

Amount

05-Apr

254

$650

05-Feb

257

410

May-17

258

159

05-Dec

259

275

May-20

260

925

May-29

263

480

May-30

262

750

Cash Payments Journal 
Checks Issued

Date

Check No.

Amount

05-Feb

258

$159

05-May

259

275

05-Oct

260

925

May-15

261

500

May-22

262

750

May-24

263

480

May-29

264

360

Instructions

Using step 2 in the reconciliation procedure, list the outstanding checks at May 31.

Reference no: EM13531543

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