A. During the month of October, Wolfpack Inc. wrote checks totaling $6,000. Wolfpack's bank statement for the month of October shows checks totaling $5,400 have cleared the bank. How much should Wolfpack deduct on its bank reconciliation for "outstanding checks"? Assume there were no outstanding checks in the prior month. Answer: S B. During the month of October, Wolfpack Inc. accepted checks from customers totaling $25,000. Wolfpack's bank statement for the month of October shows its bank account balance was increased by only $23,000 of this amount. How much should Wolfpack add on its bank reconciliation for "deposits-in- transit"? Answer: S