On Davinder Corp's June Bank Reconciliation, Cheques Outstanding Totalled $5,400

Multiple Choice

On Davinder Corp's June bank reconciliation, cheques outstanding totalled $5,400. In July, the corporation issued cheques totalling $38,900. The July bank statement shows that $26,300 in cheques cleared the bank in July. A cheque from one of Davis Corp's customers in the amount of $300 was also returned marked "NSF." The amount of outstanding cheques on Davis' July bank reconciliation should be

A) $ 7,200.
B) $12,600.
C) $17,700.
D) $18,000.