In the month of May, Fredricksburg Company Inc. wrote checks in the amount of $64,750. In June, checks in the amount of $88,606 were written. In May, $59,276 of these checks were presented to the bank for payment, and $76,181 in June. What is the amount of outstanding checks at the end of June? a. $12,425 b. $5,474 c. $17,899 d. $24,850

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.