In the month of November, Gavin Company Inc.wrote checks in the amount of $46,250.In December, checks in the amount of $63,290 were written.In November, $42,340 of these checks were presented to the bank for payment and $54,415 in December.What is the amount of outstanding checks at the end of December?
A)$8,875.
B)$3,910.
C)$12,785.
D)$17,750.

Question

Quizplus · Accepted Answer

The outstanding checks at the end of December are calculated as follows: November's outstanding checks = $46,250 - $42,340 = $3,910. December's outstanding checks = $63,290 - $54,415 = $8,875. Total outstanding checks = $3,910 + $8,875 = $12,785.

In the Month of November, Gavin Company Inc