Minor Company had checks outstanding totaling $5,407 on its April bank reconciliation. In May, Minor...
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Accounting
Minor Company had checks outstanding totaling $5,407 on its April bank reconciliation. In May, Minor Company issued checks totaling $40,849. The May bank statement shows that $25,832 in checks cleared the bank in May. A check from one of Minor Company's customers of $640 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be
a. $19,784
b. $20,425
c. $66,681
d. $20,424
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