In the Month of May, Lopat Company Inc

question 57

Multiple Choice

In the month of May, Lopat Company Inc.wrote checks in the amount of $74,000.In June, checks in the amount of $101,264 were written.In May, $67,744 of these checks were presented to the bank for payment and $87,064 in June.What is the amount of outstanding checks at the end of May?

• A)$14,200.
• B)$6,256.
• C)$20,456.
• D)$28,400.

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Definitions:

Decoders

Devices or individuals that translate encoded data or signals back into a recognizable form.

Frame Of Reference

The context, perspective, or background that influences how an individual perceives and interprets information.

Encoding

The process of converting ideas and thoughts into a communicable form, often involving language or symbols, in the context of communication.

Decoding

The process of interpreting and understanding messages or information received from others.