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Minor Company had checks outstanding totaling $5,350 on its April bank reconciliation. In May, Minor...

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Accounting

Minor Company had checks outstanding totaling $5,350 on its April bank reconciliation. In May, Minor Company issued checks totaling $39,125. The May bank statement shows that $25,600 in checks cleared the bank in May. A check from one of Minor Company's customers of $643 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be

a. $64,725

b. $20,250

c. $18,232

d. $18,875

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