The following information is from Madison Corporation's accounting records for May 20XX. Check # 3269 was returned as a double payment and voided. Checks that have not cleared the bank include 3252, 3260, and series 3275-3278.
In addition to the above list of the checks, Madison had check #2264 for $32.98 and check #2655 for $45.99 outstanding previously that have not cleared.
1. Create an outstanding checks list for Madison at the end of May 20XX.
2. What is the total amount of checks that cleared the bank (written in May)?

Question

The following information is from Madison Corporation's accounting records for May 20XX. Check # 3269 was returned as a double payment and voided. Checks that have not cleared the bank include 3252, 3260, and series 3275-3278.
 In addition to the above list of the checks, Madison had check #2264 for $32.98 and check #2655 for $45.99 outstanding previously that have not cleared.
1. Create an outstanding checks list for Madison at the end of May 20XX.
2. What is the total amount of checks that cleared the bank (written in May)?

Quizplus · Accepted Answer

The Answer of The following information is from Madison Corporation's accounting records for May 20XX. Check # 3269 was returned as a double payment and voided. Checks that have not cleared the bank include 3252, 3260, and series 3275-3278.
 In addition to the above list of the checks, Madison had check #2264 for $32.98 and check #2655 for $45.99 outstanding previously that have not cleared.
1. Create an outstanding checks list for Madison at the end of May 20XX.
2. What is the total amount of checks that cleared the bank (written in May)?

The Following Information Is from Madison Corporation's Accounting Records for May