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ank re < statement shows that $47,600 in checks cleared the bank in May. "NSF." The amount of outstanding checks on Minor Company's May 300 ,800 ,500 400

ank re < statement shows that $47,600 in checks cleared the bank in May. "NSF." The amount of outstanding checks on Minor Company's May 300 ,800 ,500 400

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 47E
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NOWV2 |Online teachin x ssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogress%3false 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 of $300 from one of Minor Company's customers was also returne marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be Oa. $17,300 Ob. $66,800 Oc. $36,500 Od. $28,400
Transcribed Image Text:NOWV2 |Online teachin x ssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogress%3false 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 of $300 from one of Minor Company's customers was also returne marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be Oa. $17,300 Ob. $66,800 Oc. $36,500 Od. $28,400
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