Nolan Company had checks outstanding totaling $14,400 on its June bank reconciliation. In July, Nolan Company issued checks totaling $103,800. The July bank statement shows that $64,800 in checks cleared the bank in July. A check from one of Nolan Company's customers in the amount of $800 was also returned marked "NSF." The amount of outstanding checks on Nolan Company's July bank reconciliation should be
A) $39,000.
B) $53,400.
C) $52,600.
D) $24,600.

Question

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The Answer of Nolan Company had checks outstanding totaling $14,400 on its June bank reconciliation. In July, Nolan Company issued checks totaling $103,800. The July bank statement shows that $64,800 in checks cleared the bank in July. A check from one of Nolan Company's customers in the amount of $800 was also returned marked "NSF." The amount of outstanding checks on Nolan Company's July bank reconciliation should be
A) $39,000.
B) $53,400.
C) $52,600.
D) $24,600.

Nolan Company Had Checks Outstanding Totaling $14,400 on Its June