Dekin Company Had Checks Outstanding Totaling $17,000 on Its May

question 254

Multiple Choice

Dekin Company had checks outstanding totaling $17,000 on its May bank reconciliation. In June, Dekin Company issued checks totaling $106,400. The July bank statement shows that $79,200 in checks cleared the bank in July. A check from one of Dekin Company's customers in the amount of $800 was also returned marked "NSF." The amount of outstanding checks on Dekin Company's July bank reconciliation should be

• A) $43,400.
• B) $27,200.
• C) $44,200.
• D) $10,200.

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