Korton Industries reported $$12,800$ in outstanding checks in October. In November, a check from one of Kortons clients for $$1,000$ was returned, marked NSF$.$ The checks issued that month totaled $$77,000,$ and the bank statement showed that for November $$75,000$ in checks cleared the bank. For November, what will be the amount of outstanding checks on Kortons bank reconciliation?

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To determine the amount of outstanding checks on Korton Industries bank reconciliation for No... View the full answer