Question

In the month of November, Tamarisk, Inc. wrote checks in the amount of $57700. In December, checks in the amount of $78986 were written. In November, $52840 of these checks were presented to the bank for payment and $67910 in December. What is the amount of outstanding checks at the end of December?

Answer 1

	Checks outstanding at the end of December	=	$         15,936
	Workings:
	Checks written in November	=	$         57,700
Less:	Checks presented for payment in November	=	$       -52,840
	Checks outstanding at the end of November	=	$           4,860
Add:	Checks written in December	=	$         78,986
Less:	Checks presented for payment in December	=	$       -67,910
	Checks outstanding at the end of December	=	$         15,936