Tayler Company Wrote Checks Totaling $34,160 During October and $37,300

Multiple Choice

Tayler Company wrote checks totaling $34,160 during October and $37,300 during November. $32,480 of these checks cleared the bank in October, and $36,440 cleared the bank in November. What was the amount of outstanding checks on November 30?

A) $2,540
B) $460
C) $1,220
D) $3,960