Bishop Company Wrote Checks Totaling $34,160 During October and $37,300

question 163

Multiple Choice

Bishop Company wrote checks totaling $34,160 during October and $37,300 during November. $32,480 of these checks cleared the bank in October, and $36,440 cleared the bank in November. What was the amount of outstanding checks on November 30?

• A) $2,540.
• B) $460.
• C) $1,220.
• D) $3,960.

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Definitions:

Memory

Refers to the data storage components and devices in a computer where data is stored temporarily or permanently, such as RAM and hard drives.

Processed Information

Refers to data that has been analyzed, organized, or manipulated through computational or manual methods to make it meaningful or useful.

Operating Systems

A program that controls the operations of computer hardware and software, offering shared services for different computer applications.

Hard Drive

A device used for storing and retrieving digital information, typically using magnetic storage.