Multiple Choice
In the month of May, Grimm Company Inc. wrote checks in the amount of $27,750. In June, checks in the amount of $37,974 were written. In May, $25,404 of these checks were presented to the bank for payment, and $32,649 in June. What is the amount of outstanding checks at the end of May?
A) $5,325
B) $2,346
C) $7,671
D) $10,650
Correct Answer:
Verified
Correct Answer:
Verified
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