Hoppmann 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

To find the outstanding checks on November 30th, we need to subtract the checks that cleared in November from the checks written in November:

$27,975 - $27,330 = $645

Then we need to add the outstanding checks from October:

$25,620 - $24,360 = $1,260

Therefore, the amount of outstanding checks on November 30 was $1,260 + $645 = $1,905. Therefore, the best choice is C.

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