Multiple Choice
In the month of May, Grimm Company. wrote checks in the amount of $92,500. In June, checks in the amount of $126,580 were written. In May, $84,680 of these checks were presented to the bank for payment, and $108,830 in June. What is the amount of outstanding checks at the end of May?
A) $17,750
B) $7,820
C) $25,570
D) $35,500
Correct Answer:
Verified
Correct Answer:
Verified
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