In the month of May, Lopat Company Inc.wrote checks in the amount of $64,750.In June, checks in the amount of $88,606 were written.In May, $59,276 of these checks were presented to the bank for payment and $76,181 in June.What is the amount of outstanding checks at the end of June?
A)$12,425.
B)$5,474.
C)$17,899.
D)$24,850.

Question

Quizplus · Accepted Answer

The outstanding checks at the end of June are calculated by adding the checks written in May and June, then subtracting the checks presented in May and June: ($64,750 + $88,606) - ($59,276 + $76,181) = $17,899.

In the Month of May, Lopat Company Inc