In the month of November, Bramble Company Inc. wrote checks in the amount of $10,200. In December, checks in the amount of $11,766 were written. In November, $9,000 of these checks were presented to the bank for payment, and $10,977 in December. What is the amount of outstanding checks at the end of November? At the end of December?

In the month of November, Bramble Company Inc. wrote checks in the amount of $10,200. In December, checks in the amount of $11,766 were written. In November, $9,000 of these checks were presented to the bank for payment, and $10,977 in December. What is the amount of outstanding checks at the end of November? At the end of December?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

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