Question
In the month of May, Waterway Company Inc. wrote checks in the amount of $56000. In June, checks in the amount of $75600 were written.
In the month of May, Waterway Company Inc. wrote checks in the amount of $56000. In June, checks in the amount of $75600 were written. In May, $49100 of these checks were presented to the bank for payment, and $65300 in June. What is the amount of outstanding checks at the end of June?
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
