In the month of November Gavin Company Inc. wrote checks in the amount of $37,000. In December, checks in the amount of $50,632 were written. In November, $33,872 of these checks were presented to the bank for payment, and $43,532 in December. What is the amount of outstanding checks at the end of December?
A) $7,100.
B) $10,228.
C) $3,128.
D) $14,200.

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: ($37,000 + $50,632) - ($33,872 + $43,532) = $87,632 - $77,404 = $10,228.

In the Month of November Gavin Company Inc