Kline Company had checks outstanding totaling $6,400 on its May bank reconciliation. In June, Kline Company issued checks totaling $39,900. The July bank statement shows that $29,700 in checks cleared the bank in July. A check from one of Kline Company's customers in the amount of $300 was also returned marked "NSF." The amount of outstanding checks on Jones Company's July bank reconciliation should be Question 29 options: A) $16,600 B) $3,800 C) $19,600 D) $10,200
Kline Company had checks outstanding totaling $6,400 on its May bank reconciliation. In June, Kline Company issued checks totaling $39,900. The July bank statement shows that $29,700 in checks cleared the bank in July. A check from one of Kline Company's customers in the amount of $300 was also returned marked "NSF." The amount of outstanding checks on Jones Company's July bank reconciliation should be Question 29 options: A) $16,600 B) $3,800 C) $19,600 D) $10,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kline Company had checks outstanding totaling $6,400 on its May bank reconciliation. In June, Kline Company issued checks totaling $39,900. The July bank statement shows that $29,700 in checks cleared the bank in July. A check from one of Kline Company's customers in the amount of $300 was also returned marked "NSF." The amount of outstanding checks on Jones Company's July bank reconciliation should be
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