Question 35

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In the month of May, Kayak Company Inc. wrote checks in the amount of $81,000. In June, checks in the amount of $112,000 were written. In May, $77,000 of these checks were presented to the bank for payment, and $96,000 in June. What is the amount of outstanding checks at the end of May?

Select one:

a. $12,000

b. $4,000

c. $14,006

d. $36,00

e. The answer does not exist