In the month of November, Coler 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 December?

Question

Quizplus · Accepted Answer

The outstanding checks at the end of December are calculated by adding the checks written in November and December and subtracting the checks presented in November and December: ($18,500 + $25,316) - ($16,936 + $21,766) = $5,114.

In the Month of November, Coler Company Inc