Julian Company Had Cheques Outstanding Totalling $6,400 on Its May

Multiple Choice

Julian Company had cheques outstanding totalling $6,400 on its May 31 bank reconciliation. In June, Julian Company issued cheques totalling $38,900. The June bank statement shows that $26,300 in cheques cleared the bank in June. A cheque from one of Julian Company's customers in the amount of $300 was also returned marked "NSF." The amount of outstanding cheques on Julian Company's June 30 bank reconciliation should be

A) $12,600.
B) $19,000.
C) $17,700.
D) $7,200.