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Problem 3-10 (IAA) Wacko Gray Company provided the following information for October and November. Checks and charges recorded by bank in November including a November

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Problem 3-10 (IAA) Wacko Gray Company provided the following information for October and November. Checks and charges recorded by bank in November including a November service charge of P5,000 and NSF check of P20,000 550,000 Service charge made by bank in October and recorded by depositor in November 10,000 Total credits to cash n all journals during November 620,000 Customer NSF check returned in October and redeposited in November but no entry made by depositor in either October or November 40,000 Outstnding checks on October 31 that cleraed in November 230,000 What amount was reported as outstanding checks on November 30? a. 275,000 b. 300,000 c. 315,000 d. 290,000 107

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