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Minor Company had checks outstanding totaling $5,181 on its April bank reconciliation. In May, Minor Company issued checks totaling $41,061. The May bank statement shows
Minor Company had checks outstanding totaling $5,181 on its April bank reconciliation. In May, Minor Company issued checks totaling $41,061. The May bank statement shows that $25,888 in checks cleared the bank in May. A check of $555 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
a.$66,949
b.$20,354
c.$20,707
d.$19,799
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