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In the month of May, Klein company Inc. wrote checks in the amount of $27,750. In june, checks in the amount of $37,974 were written. In may, $25,404 of these checks were presented to the bank for payment, and $32,649 in June. What is the amount of outstanding checks at the end of May?

a) $5325
b) $2346
c) $7671
d) $10650

2007-12-16 06:48:39 · 1 answers · asked by Chris H 1 in Business & Finance Corporations

1 answers

If in May $27,750 worth of cheques were written and $25,404 were presented, then the difference, or $2,346, were outstanding. So the answer is (b)

2007-12-16 16:25:43 · answer #1 · answered by Sandy 7 · 0 0

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