Ella Company Wrote Checks Totaling $36140 During October and $37030

question 11

Multiple Choice

Ella Company wrote checks totaling $36140 during October and $37030 during November. $34280 of these checks cleared the bank in October and $34640 cleared the bank in November. What was the amount of outstanding checks on November 30?

• A) $2390
• B) $1860
• C) $4250
• D) $890

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Definitions:

Capital

Financial assets or resources that individuals or organizations use to fund their operations and invest in their businesses.

New Technology

The latest advancements or innovations in technology that offer improved solutions or efficiency.

Service Sector

A segment of the economy that provides intangible goods or services to consumers, including retail, healthcare, and financial services.