In the Month of May, Kijak Company Inc

question 150

Multiple Choice

In the month of May, Kijak Company Inc. wrote checks in the amount of $84,000. In June, checks in the amount of $114,000 were written. In May, $75,000 of these checks were presented to the bank for payment, and $99,000 in June. What is the amount of outstanding checks at the end of May?

• A) $9,000
• B) $15,000
• C) $24,000
• D) $30,000

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Definitions:

Onlooker

An individual who observes events or other people but does not participate directly in the activities.

Constructive

Pertaining to constructs or building up, often used to describe positive efforts or contributions towards development or understanding.

Formal

Formal refers to activities, events, or situations that are structured, official, or follow established norms and procedures rather than being casual or relaxed.

Symbolic

Pertains to the use of symbols or representation of ideas, concepts, or objects through indirect suggestion rather than direct expression.