Ned Company recently reviewed its August bank reconciliation which included $18,200 in outstanding checks. In...
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Accounting
Ned Company recently reviewed its August bank reconciliation which included $18,200 in outstanding checks. In September, a check from a client for $7,200 was returned and marked "NSF". However, in the same month, Ned Company issued $78,900 worth of checks, $71,400 of which were cleared in September. What will be the amount of outstanding checks on September's bank reconciliation? $25,700 $10,700 $7,500 $18,500
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