A company is preparing the bank reconciliation for the month of May. The cash records indicate that cheques amounting to $15,000 were written during May and deposits were $21,000. The bank reconciliation of April showed outstanding cheques of $1,000 and deposits in transit of $2,000. The bank statement for May showed that total cheques cleared amounted to $14,500. Therefore, outstanding cheques at the end of May amounted to $____________.

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The Answer of A company is preparing the bank reconciliation for the month of May. The cash records indicate that cheques amounting to $15,000 were written during May and deposits were $21,000. The bank reconciliation of April showed outstanding cheques of $1,000 and deposits in transit of $2,000. The bank statement for May showed that total cheques cleared amounted to $14,500. Therefore, outstanding cheques at the end of May amounted to $____________.

A Company Is Preparing the Bank Reconciliation for the Month