In the month of May, Swifty Company Inc. wrote checks in the amount of $55700. In June, checks in the amount of $76000 were written. In May, $49500 of these checks were presented to the bank for payment, and $65000 in June. No checks were outstanding at May 1. What is the amount of outstanding checks at the end of June? $11000 $20300 $6200 $17200

In the month of May, Swifty Company Inc. wrote checks in the amount of $55700. In June, checks in the amount of $76000 were written. In May, $49500 of these checks were presented to the bank for payment, and $65000 in June. No checks were outstanding at May 1. What is the amount of outstanding checks at the end of June? $11000$20300$6200$17200