Tunes Company had checks outstanding totaling $12,800 on its June bank reconciliation. In July, Tunes Company issued checks totaling $78,700. The July bank statement shows that $76,600 in checks cleared

Tunes Company had checks outstanding totaling $12,800 on its June bank reconciliation. In July, Tunes Company issued checks totaling $78,700. The July bank statement shows that $76,600 in checks cleared the bank in July. A check from one of Tunes Company’s customers in the amount of $1,600 was also returned marked “NSF.” The amount of outstanding checks on Tunes Company’s July bank reconciliation should be
A) $2,100.
B) $13,300.
C) $14,900.
D) $16,500.

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