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Find what amount of outstanding checks on marigold corp

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Reference no: EM132721534

Problem 1: Marigold Corp. had checks outstanding totaling $26500 on its May bank reconciliation. In June, Marigold Corp. issued checks totaling $166000. The June bank statement shows that $123600 in checks cleared the bank in June. A check from one of Marigold Corp.'s customers in the amount of $1200 was also returned marked "NSF." The amount of outstanding checks on Marigold Corp.'s June bank reconciliation should be ?

Reference no: EM132721534

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