Lackey Company wrote checks totaling $38,430 during October and $41,964 during November.$36,540 of these checks cleared the bank in October, and $40,995 cleared the bank in November.What was the amount of outstanding checks on November 30?
A)$2,859.
B)$519.
C)$1,374.
D)$4,455.

Question

Quizplus · Accepted Answer

Outstanding checks = Checks written - Checks cleared= ($38,430 + $41,964) - ($36,540 + $40,995)= $80,394 - $77,535= $2,859

Lackey Company Wrote Checks Totaling $38,430 During October and $41,964