Rainey Company wrote checks totaling $17,080 during October and $18,650 during November. $16,240 of these checks cleared the bank in October, and $18,220 cleared the bank in November. What was the amount of outstanding checks on November 30?
A) $1,270
B) $230
C) $610
D) $1,980

Question

Quizplus · Accepted Answer

Outstanding checks = Checks written - Checks cleared= ($17,080 + $18,650) - ($16,240 + $18,220)= $35,730 - $34,460= $1,270

Rainey Company Wrote Checks Totaling $17,080 During October and $18,650