(Answered) Question - the merrimac companys june 30 bank

Accounting

Question - The Merrimac Company's June 30 bank reconciliation showed four outstanding checks: No. 720 $496, No. 723 $375, No. 724 $456, and No. 725 $136. The Company wrote and recorded the following five checks during July: No. 726 $826, No. 727 $329, No. 728 $1,025, No. 729 $459, and No. 730 $2,076. The Company's July 31 bank statement reported the following five checks were processed by the bank: No. 720 $496, No. 724 $456, No. 725 $136, No. 726 $826, and No. 727 $329. The bank charged the Company $35 for services during July.

Determine the total dollar amount of the Company's outstanding checks on July 31.

a. $3,935

b. $3,560

c. $1,463

d. $4,715

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