Harris Company had checks outstanding totaling $4,948 on its May bank reconciliation. In June, Harris Company issued checks totaling $41,405. The June bank statement shows that $25,688 in checks cleared the bank in June. A check from one of Harris Company's customers of $348 was also returned marked "NSF." Determine the amount of outstanding checks on Harris Company's June bank reconciliation. Select the correct answer. $20,665 $67,093 $20,740 $20,317

$20,665

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items. These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

To reconcile the two balance moving from the bank statement balance to the cash account balance;

The amount of outstanding checks on Harris Company's June bank reconciliation is the net to amount of checks cleared and the total of checks written. This amount

= $4,948 + $41,405 - $25,688

= $20,665

The Company's customers of $348 was also returned marked "NSF is a part of the outstanding checks.

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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answercontrol is returned to method c;