Tayler Company Wrote Checks Totaling $17,080 During October and $18,650

question 96

Multiple Choice

Tayler Company wrote checks totaling $17,080 during October and $18,650 during November. $16,240 of these checks cleared the bank in October, and $18,220 cleared the bank in November. What was the amount of outstanding checks on November 30?

• A) $1,270
• B) $230
• C) $610
• D) $1,980

---

Definitions:

Easement

An easement is a legal right to use another's land for a specific limited purpose without owning it.

By Prescription

A method of acquiring legal rights or ownership of property through long and continuous use or occupancy.

By Reservation

A method of retaining certain rights within a property or legal agreement when selling or transferring the remainder of those rights to another party.

Life Tenant

An individual who has the right to use and benefit from a property during their lifetime, but cannot sell or transfer the property.