Hoppmann Company Wrote Checks Totaling $25,620 During October and $27,975

question 132

Multiple Choice

Hoppmann Company wrote checks totaling $25,620 during October and $27,975 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)$645
• B)$1,260
• C)$1,905
• D)$2,355

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Definitions:

Beliefs

A conviction or acceptance that something is true or exists.

Early Payment Discount

A reduction in the amount due for goods or services offered by a seller to buyers who pay their bill before a specified date.

Late Payment Surcharge

A fee imposed for not paying a bill by its due date.

Framing

The manner in which information is presented or communicated, which can influence understanding, decisions, and perceptions.