Question

Winter Gloves Company had checks outstanding totaling $12,800 on its May bank reconciliation. In June, Winter Gloves Company issued checks totaling $79,800. The July bank statement shows that $71,400 in checks cleared the bank in July. A check from one of Winter Gloves Company's customers in the amount of $2,000 was also returned marked "NSF." The amount of outstanding checks on Winter Gloves Company's July bank reconciliation should be

$19,200.

$8,400.

$23,200.

$21,200.

Answer 1

$21,200.

Step-by-step explanation:

The outstanding check is the amount of check issued by Gloves Company's which havent been cleared yet

outstanding check on May: 12,800

written check in June 79,800

check cleared during July (71,400)

outstanding check at July 21,200

The NSF is not part of the outstanding check it was issued for a customer