Tayler Company wrote checks totaling $25,620 during October and $27,975 during November.$24,360 of these checks cleared the bank in October, and $27,330 cleared the bank in November.What was the amount of outstanding checks on November 30?

Question

Quizplus · Accepted Answer

Outstanding checks = checks written - checks cleared= ($25,620 + $27,975) - ($24,360 + $27,330)= $53,595 - $51,690= $1,905

Tayler Company Wrote Checks Totaling $25,620 During October and $27,975