In the Month of May, Kijak Company Inc

question 154

Multiple Choice

In the month of May, Kijak Company Inc.wrote checks in the amount of $56,000.In June, checks in the amount of $76,000 were written.In May, $50,000 of these checks were presented to the bank for payment, and $66,000 in June.What is the amount of outstanding checks at the end of June?

• A)$6,000
• B)$10,000
• C)$16,000
• D)$20,000