James Company Had Checks Outstanding Totaling $32,400 on Its June

question 11

Multiple Choice

James Company had checks outstanding totaling $32,400 on its June bank reconciliation.In July, James Company issued checks totaling $233,400.The July bank statement shows that $157,800 in checks cleared the bank in July.A check from one of James Company's customers in the amount of $1,800 was also returned marked "NSF." The amount of outstanding checks on James Company's July bank reconciliation should be

• A)$75,600.
• B)$108,000.
• C)$106,200.
• D)$43,200.

---

Definitions:

Cohesiveness

The quality of forming a united whole, often used to describe the degree of camaraderie and solidarity within a group.

Groupthink

A phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Heterogeneity

The quality or state of being diverse in character or content; having a variety of different elements or components.

Self-Categorisation Theory

A social psychological theory that explains how and why individuals identify with specific social groups and behave according to that group membership.