p.3.b - What is the amount of checks outstanding on June 30?
Extracted text: Problem 3. A Company provide the fllowing bank reconciliation on May 31: Balance per bank statement Deposits outstanding Checks outstanding 2,100,000 300,000 (80,000) Correct cash balance 2,320,000 Balance per book Bank service charge Correct cash balance 2,322,000 (2,000) 2,320,000 Data for the month of June: Book 2,400,000 1,900,000 Bank Checks recorded 2,360,000 1,800,000 Deposits recorded Collection by Bank (400,000 note Plus Interest ) 420,000 NSF check returned with June 30 Balances 10,000 1,830,000 1,810,000