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Minor Company had checks outstanding totaling $5,450 on its April bank reconciliation. In May, Minor Company issued checks totaling $38,269. The May bank statement shows
Minor Company had checks outstanding totaling $5,450 on its April bank reconciliation. In May, Minor Company issued checks totaling $38,269. The May bank statement shows that $26,297 in checks cleared the bank in May. A check of $817 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. $17,422 b. $64,566 c. $16,605 d. $20,847
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