In the month of November (its first period of operations) Gavin Company Inc.wrote checks in the amount of $55500.In December checks in the amount of $75948 were written.During November $50808 of these checks were presented to the bank for payment and $65298 during December.What is the amount of outstanding checks at the end of December?
A) $10650.
B) $15342.
C) $4692.
D) $21300.
Correct Answer:
Verified
Q113: Which of the following would be added
Q119: A debit memorandum would not be issued
Q120: In preparing a bank reconciliation outstanding checks
Q123: James Company had checks outstanding totaling $32,400
Q124: Dobler Company gathered the following reconciling
Q125: All of the following bank reconciliation items
Q126: An adjustment to the company's records is
Q127: Nilson Company gathered the following reconciling
Q128: Higgins Company gathered the following reconciling
Q137: For which of the following errors should
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents