James Company Had Checks Outstanding Totaling $21,600 on Its June

question 179

Multiple Choice

James Company had checks outstanding totaling $21,600 on its June bank reconciliation. In July, James Company issued checks totaling $155,600. The July bank statement shows that $105,200 in checks cleared the bank in July. A check from one of James Company's customers in the amount of $1,200 was also returned marked "NSF." The amount of outstanding checks on James Company's July bank reconciliation should be

• A) $50,400.
• B) $72,000.
• C) $70,800.
• D) $28,800.

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Definitions:

Mandated Reporters

Individuals required by law to report any suspected cases of abuse or neglect to proper authorities.

Child Abuse

Any action by another individual – adult or child – that causes significant harm to a child, including physical, emotional, sexual abuse, or neglect.

Legally Obligated

Being required by law to perform or refrain from performing a certain action.

Protective Factors

Attributes or conditions in individuals, families, communities, or the larger society that mitigate or eliminate risk and help people deal with stressful events effectively.