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The Cash account in the ledger of Hensley,Inc.showed a balance of $3,100 at June 30.The bank statement,however,showed a balance of $3,900 at the same date.The only reconciling items consisted of a $700 deposit in transit,a bank service charge of $7,and a large number of outstanding checks.
-What is the total amount of the outstanding checks at June 30?
A)$1,500.
B)$1,513.
C)$1,486.
D)$1,507.

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The Answer of [The following information applies to the questions displayed below.]
The Cash account in the ledger of Hensley,Inc.showed a balance of $3,100 at June 30.The bank statement,however,showed a balance of $3,900 at the same date.The only reconciling items consisted of a $700 deposit in transit,a bank service charge of $7,and a large number of outstanding checks.
-What is the total amount of the outstanding checks at June 30?
A)$1,500.
B)$1,513.
C)$1,486.
D)$1,507.

[The Following Information Applies to the Questions Displayed Below