In the month of November, Kinsey Company Inc.wrote checks in the amount of $27,750. In December, checks in the amount of $37,974 were written.In November, $25,404 of
These checks were presented to the bank for payment, and $32,649 were presented in
December.What is the amount of outstanding checks at the end of December?

Question

Quizplus · Accepted Answer

To find the outstanding checks at the end of December, we need to subtract the total checks presented for payment in December from the total checks written in December. Therefore, $37,974 - $32,649 = $5,325 is the amount of checks that have not yet cleared the bank.

In the Month of November, Kinsey Company Inc