Question: Korton Industries reported $ 1 2 , 8 0 0 in outstanding checks in October. In November, a check from one of Kortons clients for

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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