In the month of November, Gavin Company Inc.wrote checks in the amount of $55,500.In December, checks in the amount of $75,948 were written.In November, $50,808 of these checks were presented to the bank for payment and $65,298 in December.What is the amount of outstanding checks at the end of December?
A)$10,650.
B)$15,342.
C)$4,692.
D)$21,300.

Question

Quizplus · Accepted Answer

The outstanding checks at the end of December are calculated by adding the checks written in November and December, then subtracting the checks presented in November and December: ($55,500 + $75,948) - ($50,808 + $65,298) = $15,342.

In the Month of November, Gavin Company Inc