Ella Company wrote checks totaling $36140 during October and $37030 during November. $34280 of these checks cleared the bank in October and $34640 cleared the bank in November. What was the amount of outstanding checks on November 30?
A) $2390
B) $1860
C) $4250
D) $890

Question

Quizplus · Accepted Answer

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

$37030 - $34640 = $2380

Therefore, the amount of outstanding checks on November 30 is $2380. However, be careful with the answer choices. Choice A is very close, but it is off by $10. Choice B is also close, but it is off by $520. The only accurate choice is C, which is $4250 - $2380 = $1870.

Ella Company Wrote Checks Totaling $36140 During October and $37030