Acme Construction Company had checks outstanding totaling $32400 on its June bank reconciliation. In July,...

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Accounting

Acme Construction Company had checks outstanding totaling $32400 on its June bank reconciliation. In July, Acme issued checks totaling $233400. The July bank statement shows that $157800 in checks cleared the bank in July. A check from one of Acme's customers in the amount of $1800 was also returned marked "NSF." The amount of outstanding checks on Acme's July bank reconciliation should be
$75600.
$108000.
$106200.
$43200.
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