In the month of November Louis Company Inc. wrote checks in the amount of $15800. In December checks in the amount of $25316 were written. In November $13966 of these checks were presented to the bank for payment and $21667 were presented in December. What is the amount of outstanding checks at the end of November?
A) $1834
B) $7701
C) $3649
D) $9516

Question

Quizplus · Accepted Answer

The amount of outstanding checks at the end of November is calculated by subtracting the checks presented to the bank for payment ($13,966) from the total checks written in November ($15,800). Therefore, $15,800 - $13,966 = $1,834.

In the Month of November Louis Company Inc