In the month of November, Kingbird, Inc. wrote checks in the amount of $ 63300. In December, checks in the amount of $ 86581 were written. In November, $ 57921 of these checks were presented to the bank for payment and $ 74440 in December. What is the amount of outstanding checks at the end of December? A)$ 5379. B)$ 17520. C)$ 24282. D)$ 12141.

In the month of November, Kingbird, Inc. wrote checks in the amount of $ 63300. In December, checks in the amount of $ 86581 were written. In November, $ 57921 of these checks were presented to the bank for payment and $ 74440 in December. What is the amount of outstanding checks at the end of December? A)$ 5379. B)$ 17520. C)$ 24282. D)$ 12141.

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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