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Rainey Company Wrote Checks Totaling $8,540 During October and $9,325

Question 91

Multiple Choice

Rainey Company wrote checks totaling $8,540 during October and $9,325 during November. $8,120 of these checks cleared the bank in October, and $9,110 cleared the bank in November. What was the amount of outstanding checks on November 30?


A) $635
B) $115
C) $305
D) $990

Correct Answer:

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