Springer company listed outstanding checks totaling $4,500 on its september bank reconciliation. in october, the company issued checks totaling $45,700. the october bank statement shows that checks totaling $39,800 cleared the bank. in addition, a check from one of springer's customers in the amount of $500 was returned as nsf. the outstanding checks on the october bank reconciliation should

$10,400

Explanation:

The amount of checks outstanding at the beginning of the period plus the checks issued in the period represents the total checks that should clear the bank account. Subtracting the checks that cleared results in the October outstanding checks amount. The NSF check was added to the bank account balance when initially presented, and then deducted when the customer's bank returned it for insufficient funds.