In the Month of November, Gavin Company Inc

question 116

Multiple Choice

In the month of November, Gavin Company Inc.wrote checks in the amount of $55,500.In December, checks in the amount of $75,948 were written.In November, $50,808 of these checks were presented to the bank for payment and $65,298 in December.What is the amount of outstanding checks at the end of December?

• A)$10,650.
• B)$15,342.
• C)$4,692.
• D)$21,300.

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Definitions:

Division of Carolina

This refers to the split of the Carolina colony into North and South Carolina in 1712, originally chartered as one territory by the English Crown.

Proprietors

Individuals or entities that own a business or property, characterized by having legal title and the right to use property at their discretion.

John Locke

A 17th-century English philosopher renowned for his theories of natural rights and the social contract.