help please Company As cash balance in the trial balance as

help please

Company A\'s cash balance in the trial balance as of 12/31/2012 is $428,450. The bank balance for the same period was $440,823. The deposits in transit as of 12/31/2012 was $5,171. How much is the outstanding checks?

Solution

Calculate outstanding checks :

Adjusted cash balance for bank = 440823+5171 = 445994

Outstanding checks = 445994-428450 = $17544

So answer is outstanding checks = $17544