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What the amount of outstanding checks on the company

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Reference no: EM132861349

Question 1: A company had outstanding checks totaling 7.400 TL on its July bank reconciliation. In August, the company issued checks totaling 38.900 TL. The August bank statement shows that 26.300 TL in checks cleared the bank in August. A check from one of the company's customers in the amount of 300 TL was also returned marked "NSF". The amount of outstanding checks on the company's August bank reconciliation should be...

a)12.600 TL

b) 20.000 TL

c) 19.700 TL

d) 5.200 TL

e) Other:

Reference no: EM132861349

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