In the month of November, Ivanhoe Company Inc. wrote checks in the amount of $9,760. In December, checks in the amount of $11,135 were written. In November, $8,780 of these checks were presented to the bank for payment, and $10,050 in December. What is the amount of outstanding checks at the end of November? At the end of December?

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.