Sylvan Company wrote checks totaling $26520 during October and $25779 during November. $23460 of these checks cleared the bank in October and $26330 cleared the bank in November. What was the amount of outstanding checks on November 30?
A) $741
B) $3060
C) $2509
D) $2870

Question

Quizplus · Accepted Answer

The amount of outstanding checks on November 30 can be calculated by adding the total checks written in October and November and then subtracting the checks that cleared in both months. So, ($26520 + $25779) - ($23460 + $26330) = $52299 - $49790 = $2509.

Sylvan Company Wrote Checks Totaling $26520 During October and $25779