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In the month of November, Crane Company Inc. wrote checks in the amount of $9,965. In December, checks in the amount of $11,235 were written.
In the month of November, Crane Company Inc. wrote checks in the amount of $9,965. In December, checks in the amount of $11,235 were written. In November, $8,505 of these checks were presented to the bank for payment, and $10,690 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November? At the end of December?
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