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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

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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am Par 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 b. $20,546 c. $64,755 d. $17,911 Previous
Transcribed Image Text:am Par 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 b. $20,546 c. $64,755 d. $17,911 Previous
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