Minor Company Had Checks Outstanding Totaling $19,200 on Its April

question 70

Multiple Choice

Minor Company had checks outstanding totaling $19,200 on its April bank reconciliation. In May, Minor Company issued checks totaling $64,900. The May bank statement shows that $47,600 in checks cleared the bank in May. A check from one of Minor Company's customers of $300 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be

• A) $28,400
• B) $36,800
• C) $17,300
• D) $36,500

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Definitions:

Basic Drive

Fundamental motivational forces that drive behavior, such as hunger, thirst, sex, and avoidance of pain.

Personality Development

The growth and change in an individual’s character and behavioral traits over their lifespan.

Cattell

Raymond Cattell was a psychologist known for his research on personality theory and his development of the 16 Personality Factor (16PF) questionnaire.

Adolescence

The phase of both physical and psychological growth that typically happens between puberty and reaching the age of legal majority.