Question

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

Answer 1

Answer:

In bank Book

May-

Add: Cheques Issued $ 64,900

In company book

May-

Less: Cheques issue but not Cleared $ 17,000.

Less: Cheque Issue but not Cleared due to NSF $ 300.

Mark as Brainliest ❤️ pls