In the Month of November, Coler Company Wrote Checks in the Amount

question 166

Multiple Choice

In the month of November, Coler Company wrote checks in the amount of $27,750. In December, checks in the amount of $37,974 were written. In November, $25,404 of these checks were presented to the bank for payment, and $32,649 were presented in December. What is the amount of outstanding checks at the end of December?

• A) $5,325
• B) $2,346
• C) $7,671
• D) $10,650