Winter Gloves Company Had Checks Outstanding Totaling $12,800 on Its

Multiple Choice

Winter Gloves Company had checks outstanding totaling $12,800 on its May bank reconciliation. In June, Winter Gloves Company issued checks totaling $79,800. The July bank statement shows that $71,400 in checks cleared the bank in July. A check from one of Winter Gloves Company's customers in the amount of $2,000 was also returned marked "NSF." The amount of outstanding checks on Winter Gloves Company's July bank reconciliation should be

A) $8,400.
B) $19,200.
C) $21,200.
D) $23,200.