23) Premier Corporation had cheques outstanding totalling $5,600 on its March bank reconciliation. In April, Premier Corporation issued cheques totalling $47,700. The April bank statement shows that $46,100 in cheques cleared the bank in April. The amount of outstanding cheques on Premier's April bank reconciliation is Select one: a. $8,600. O b. $3,000. O c. $1,600. O d. $7,200