Multiple Choice
In the month of May, Lopat Company Inc. wrote checks in the amount of $55,500. In June, checks in the amount of $75,948 were written. In May, $50,808 of these checks were presented to the bank for payment, and $65,298 in June. What is the amount of outstanding checks at the end of May?
A) $10,650.
B) $4,692.
C) $15,342.
D) $21,300.
Correct Answer:
Verified
Correct Answer:
Verified
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