DigDug Corporation had outstanding checks totaling $5,400 on its June bank reconciliation.In July,DigDug issued checks totaling $38,900.The July bank statement shows that $26,300 in checks cleared the bank in July.The amount of outstanding checks on DigDug's July bank reconciliation should be:
A) $12,600.
B) $18,000.
C) $5,400.
D) $7,200.

Question

Quizplus · Accepted Answer

The Answer of DigDug Corporation had outstanding checks totaling $5,400 on its June bank reconciliation.In July,DigDug issued checks totaling $38,900.The July bank statement shows that $26,300 in checks cleared the bank in July.The amount of outstanding checks on DigDug's July bank reconciliation should be:
A) $12,600.
B) $18,000.
C) $5,400.
D) $7,200.

DigDug Corporation Had Outstanding Checks Totaling $5,400 on Its June