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McKeel Publishing had outstanding checks totaling $5,520 on its June bank reconciliation. In July, McKeel issued checks totaling $40,00. The July bank statement shows that

McKeel Publishing had outstanding checks totaling $5,520 on its June bank reconciliation. In July, McKeel issued checks totaling $40,00. The July bank statement shows that $28,100 in checks cleared the bank in July. The amount of outstanding checks on McKeel's July bank reconciliation should be: Multiple Choice $5,520. $12,000. $17,520, $6,480

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