Marigold Company had checks outstanding totaling $10500 on its June bank reconciliation. In July, Marigold Company issued checks totaling $77500. The July bank statement shows that $76600 in checks cleared the bank in July. A check from one of Marigold Company's customers in the amount of $1050 was also returned marked "NSF." The amount of outstanding checks on Marigold Company's July bank reconciliation should be $12450. $11400. $10350. $900.

Marigold Company had checks outstanding totaling $10500 on its June bank reconciliation. In July. Marigold Company issued checks totaling $77500. The July bank statement shows that $76600 in checks cleared the bank in July. A check from one of Marigold Company's customers in the amount of $1050 was also returned marked "NSF" The amount of outstanding checks on Marigold Company's July bank reconciliation should be $12450. $11400. $10350. $900