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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Definitions:

Synergy

A mutually beneficial interaction between parts of an organization that allows it to create something greater than the sum of its individual outputs.

Economic Sense

The rationality or logic underlying financial decisions or policies.

Leisure Time

is time free from work or duties, allowing individuals to engage in recreational activities or rest.

Industrial Productivity

A measure of the efficiency of industrial production, typically evaluated as the output of goods produced by a sector per unit of labor or capital.