Question

Pina Colada Corp. wrote checks totaling $42270 during October and $46160 during November. $40190 of these checks cleared the bank in October, and $45095 cleared the bank in November. What was the amount of outstanding checks on November 30?

Answer 1

Answer: $3,145

Explanation:

Total checks in October $42,270 less $40,190 of these checks cleared the bank in October

Total checks in November $46,160 during November less $45,095 cleared the bank in November.

outstanding checks on November 30 is

October = $42,270 - $40,190 = $2080

November = $46,160 - $45,095 = $1,065

Total outstanding checks as at November 30 is $2,080+$1,065

= $3,145

Answer 2

Answer:

$3,145

Explanation:

Pina Colada Corp

Written Checks in Octocber $42270-$40190 of cleared check in October.

Written Checks in November $46160-$40190 ocleared check in November

Therefore:

October $42,270- $40190=$2,080

November $46,160+$45,095= $1,065

$2,080+$1,065= $3,145

Hence: the amount of outstanding checks on November 30 is $3,145