Lackey Company Wrote Checks Totaling $25,620 During October and $27,976

question 199

Multiple Choice

Lackey Company wrote checks totaling $25,620 during October and $27,976 during November. $24,360 of these checks cleared the bank in October, and $27,330 cleared the bank in November. What was the amount of outstanding checks on November 30?

• A) $1,906.
• B) $346.
• C) $916.
• D) $2,970.

---

Definitions:

Adult Literacy

The ability of adults to read, write, and understand information, enabling them to function effectively in society.

Maple Leaf Foods

A major Canadian food processing company known for its products in the meat, poultry, and plant-based food industry.

Business Ethics

The study and examination of moral and ethical principles in the business environment, and the conduct of individuals and organizations.

Marketplace

An arena where buyers and sellers meet to exchange goods, services, or information, whether physically or through digital platforms.