Minor Company had checks outstanding totaling $5,330 on Its April barik reconciliation. In May, Minor Company issued checks totaling $38,879. The May bank statement shows that $25,876 in checks cleared the bank in May. A check from one of Minor Company's customers of $422 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be a. $18,333 Ob. $20,546 Oc. $64,755 d. $17,911

Minor Company had checks outstanding totaling $5,330 on Its April barik reconciliation. In May, Minor Company issued checks totaling $38,879. The May bank statement shows that $25,876 in checks cleared the bank in May. A check from one of Minor Company's customers of $422 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be a. $18,333 Ob. $20,546 Oc. $64,755 d. $17,911

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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