Answer:
Outstanding checks in end of May = $36500
Explanation:
given data
outstanding totaling = $19,200
checks totaling = $64,900
checks cleared = $47,600
returned marked NSF = $300
to find out
amount of outstanding checks on Minor Company bank reconciliation
solution
we know here that outstanding checks in April = $19200
so Total checks in clearing is
Total checks in clearing = outstanding checks + Checks issued in may
Total checks in clearing = $19200 + $64900
Total checks in clearing = $84100
so
Outstanding checks at the end of May is
Outstanding checks in may = Total checks in clearing - Checks cleared in may
Outstanding checks in may = $84100 - $47600
Outstanding checks in end of May = $36500
