In the month of November, Kinsey 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 November?

Question

Quizplus · Accepted Answer

Outstanding checks at the end of November = Checks written in November - Checks presented in November= $18,500 - $16,936= $1,564

In the Month of November, Kinsey Company Inc