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Minor Company had checks outstanding totaling $4,181 on its April bank reconciliation. In May, Minor Company issued checks totaling $39,846. The May bank statement shows
Minor Company had checks outstanding totaling $4,181 on its April bank reconciliation. In May, Minor Company issued checks totaling $39,846. The May bank statement shows that $25,777 in checks cleared the bank in May. A check of $863 from one of Minor Company's customers was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be
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