Ace Service Company had checks outstanding totaling $34,000 on its May bank reconciliation. In June, Ace issued checks totaling $212,800. The June bank statement shows that $158,400 in checks cleared the bank in June. A check from one of Ace's customers in the amount of $1,600 was also returned marked "NSF." The amount of outstanding checks on Ace's June bank reconciliation should be \begin{tabular}{|} \hline$88,400 \\ \hline$20,400 \\ \hline$54,400 \\ \hline$86,800 \\ \hline \end{tabular} Question 10 In the month of November. Acme Storage Company Inc. wrote checks in the amount of $55,500. In December, checks in the amount of $75,948 were written. In November, $50,808 of these checks were presented to the bank for payment and $65,298 in December. What is the amount of outstanding checks at the end of December, assuming that there were no checks outstanding on October 31 ? \begin{tabular}{|l} $15,342 \\ $10,650 \\ $4,692 \\ $21,300 \end{tabular}