In the month of November Louis Company Inc. wrote checks in the amount of $25770. In December checks in the amount of $34977 were written. In November $24504 of these checks were presented to the bank for payment and $34629 were presented in December. What is the amount of outstanding checks at the end of December?
A) $348
B) $19332
C) $1614
D) $49926

Question

Quizplus · Accepted Answer

Outstanding checks at the end of December = Checks written in November and December - Checks presented in November and December = ($25770 + $34977) - ($24504 + $34629) = $60747 - $58133 = $2614.

In the Month of November Louis Company Inc