Question

In the month of November, Carla Vista Co. Inc. wrote checks in the amount of $9,565. In December, checks in the amount of $11,465 were written. In November, $8,825 of these checks were presented to the bank for payment, and $10,285 in December. What is the amount of outstanding checks at the end of November? At the end of December?

Answer 1

The amount of outstanding checks at the end of November is $740, while the amount of outstanding checks at the end of December is $1,180.

Step-by-step explanation:

The amount of outstanding checks at the end of November can be calculated by subtracting the checks presented to the bank for payment ($8,825) from the total amount of checks written in November ($9,565). Therefore, the amount of outstanding checks at the end of November is $740.

Similarly, the amount of outstanding checks at the end of December can be calculated by subtracting the checks presented to the bank for payment ($10,285) from the total amount of checks written in December ($11,465). Therefore, the amount of outstanding checks at the end of December is $1,180.