Multiple Choice
In the month of May Kayak Company Inc. wrote checks in the amount of $81000. In June checks in the amount of $112000 were written. In May $77000 of these checks were presented to the bank for payment and $96000 in June. What is the amount of outstanding checks at the end of May?
A) $4000
B) $16000
C) $19000
D) $31000
Correct Answer:
Verified
Correct Answer:
Verified
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