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Question 2 Mckeel Publishing had outstanding checks totaling $5,470 on its June bank reconciliation. In July, McKeel issued checks totaling $39,600. The July bank statement

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Question 2

Mckeel Publishing had outstanding checks totaling $5,470 on its June bank reconciliation. In July, McKeel issued checks totaling $39,600. The July bank statement shows that $27,350 in checks cleared the bank in July. The amount of outstanding checks on McKeel's July bank reconciliation should be: Multiple Choice $12,250. $17,720. $5,470. $6,780

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