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In the Month of May Kayak Company Inc

Question 223

Multiple Choice

In the month of May Kayak Company Inc. wrote checks in the amount of $65000. In June checks in the amount of $67000 were written. In May $60000 of these checks were presented to the bank for payment and $66000 in June. What is the amount of outstanding checks at the end of June?


A) $5000
B) $1000
C) $6000
D) $2000

Correct Answer:

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