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Tunes Company Had Checks Outstanding Totaling $12800 on Its June

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Tunes Company had checks outstanding totaling $12800 on its June bank reconciliation. In July Tunes Company issued checks totaling $78700. The July bank statement shows that $76600 in checks cleared the bank in July. A check from one of Tunes Company's customers in the amount of $1600 was also returned marked "NSF." The amount of outstanding checks on Tunes Company's July bank reconciliation should be


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