Minor Company had checks outstanding totaling $4,090 on its April bank reconciliation. In May, Minor Company issued checks totaling $40,528. The May bank statement shows that $25,379 in checks cleared the bank in May. A check from one of Minor Company's customers of $985 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be

a.$18,254

b.$19,239

c.$65,907

d.$21,289

Using the following information:

1. The bank statement balance is $5,202.
2. The cash account balance is $5,534.
3. Outstanding checks amounted to $801.
4. Deposits in transit are $1,056.
5. The bank service charge is $68.
6. A check for $37 for supplies was recorded as $28 in the ledger.

Prepare a bank reconciliation for Candace Co. for May 31.

Candace Co. Bank Reconciliation May 31

Cash balance according to bank statement		$
Adjustments:
Bank service chargeDeposits in transit not recorded by bankError in recording checkDeposits in transit not recorded by bank	$
Bank service chargeError in recording checkOutstanding checksOutstanding checks
Total adjustments
Adjusted balance		$
Cash balance according to company's records		$
Adjustments:
Bank service chargeDeposits in transit not recorded by bankOutstanding checksBank service charge	$
Deposits in transit not recorded by bankError in recording checkOutstanding checksError in recording check
Total adjustments
Adjusted balance		$