Multiple Choice
In the month of May, Grimm Company Inc.wrote checks in the amount of $46,250.In June, checks in the amount of $63,290 were written.In May, $42,340 of these checks were presented to the bank for payment, and $54,415 in June.What is the amount of outstanding checks at the end of May?
A) $8,875
B) $3,910
C) $12,785
D) $17,750
Correct Answer:
Verified
Correct Answer:
Verified
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