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Rainey Company Wrote Checks Totaling $17,080 During October and $18,650

Question 61

Multiple Choice

Rainey Company wrote checks totaling $17,080 during October and $18,650 during November. $16,240 of these checks cleared the bank in October, and $18,220 cleared the bank in November. What was the amount of outstanding checks on November 30?


A) $1,270
B) $230
C) $610
D) $1,980

Correct Answer:

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