In the month of November, Kinsey Company Inc. wrote checks in the amount of $18,500. In December, checks in the amount of $25,316 were written. In November, $16,936 of these checks were presented to the bank for payment, and $21,766 were presented in December. What is the amount of outstanding checks at the end of November?
A) $1,564
B) $4,830
C) $5,114
D) $6,816

Question

Quizplus · Accepted Answer

The outstanding checks at the end of November are calculated by subtracting the checks presented in November from the checks written in November: $18,500 - $16,936 = $1,564.

In the Month of November, Kinsey Company Inc