Question
In the month of November, Concord Corporation wrote checks in the amount of $44400. In December, checks in the amount of $60758 were written. In
In the month of November, Concord Corporation wrote checks in the amount of $44400. In December, checks in the amount of $60758 were written. In November, $40646 of these checks were presented to the bank for payment and $52238 in December. What is the amount of outstanding checks at the end of December?
$3754.
$12274.
$17040.
$8520.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
