Question

n the month of November, Sunland Company Inc. wrote checks in the amount of $9,660. In December, checks in the amount of $11,585 were written. In November, $7,990 of these checks were presented to the bank for payment, and $10,735 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November

Answer 1

$1,670

Step-by-step explanation:

The amount of outstanding checks at any given period is the difference between the checks written during the period and checks presented as at the end of the period.

For the month of November, the opening outstanding checks was nil, as such,

The amount of outstanding checks at the end of November

= $9,660 - $7,990

= $1,670