The Cash Records and the Bank Statement of Frankel Company

Multiple Choice

The cash records and the bank statement of Frankel Company showed the following at the end of February 2014: Outstanding checks as of the beginning of February 2014, $8,000; checks written by Frankel Company according to its books during February 2014, $50,000; and checks cleared by the bank during February 2014, $54,000. How much were the outstanding checks at the end of February 2014?

A) $2,000.
B) $4,000.
C) $6,000.
D) $8,000.