Multiple Choice
In the month of November Gavin Company Inc. wrote checks in the amount of $37,000. In December, checks in the amount of $50,632 were written. In November, $33,872 of these checks were presented to the bank for payment, and $43,532 in December. What is the amount of outstanding checks at the end of December?
A) $7,100.
B) $10,228.
C) $3,128.
D) $14,200.
Correct Answer:

Verified
Correct Answer:
Verified
Q69: Only large companies need to be concerned
Q107: Which of the following is <b>not</b> a
Q108: The use of prenumbered checks is an
Q119: Which of the following is an example
Q169: The custodian of a company asset should<br>A)
Q248: Explain the control principle of independent internal
Q250: Clark Company developed the following reconciling
Q254: Dekin Company had checks outstanding totaling $17,000
Q255: What causes the balance on the bank
Q256: A $100 petty cash fund has cash