James Company Had Checks Outstanding Totaling $32,400 on Its June

Multiple Choice

James Company had checks outstanding totaling $32,400 on its June bank reconciliation.In July, James Company issued checks totaling $233,400.The July bank statement shows that $157,800 in checks cleared the bank in July.A check from one of James Company's customers in the amount of $1,800 was also returned marked "NSF." The amount of outstanding checks on James Company's July bank reconciliation should be

A) $75,600.
B) $108,000.
C) $106,200.
D) $43,200.