Business, 21.03.2020 05:36 jermarae

In the month of November, Sunland Company Inc. wrote checks in the amount of $10,280. In December, checks in the amount of $11,185 were written. In November, $8,830 of these checks were presented to the bank for payment, and $10,445 in December. There were no outstanding checks at the beginning of November.
What is the amount of outstanding checks at the end of November?
At the end of December?

Answers: 2

Show answers

Answers

Answer from: ddlc28

Explanation:

What is the amount of outstanding checks at the end of November?

Total checks written in November is $10,280 less total checks presented in November $8,830 to leave a bal of $1,450 unpresented checks in November.

What is the amount of outstanding checks at the end of December?

Total checks written in December is $11,185 less total checks presented in December $10,445 to leave a balance of $740 + $1,450= $2,190 in December.

Answer from: edjiejwi

a. The amount of outstanding checks at the end of November is $1,450.

b. The amount of outstanding checks at the end of December is $2,190.

Explanation:

a. For November:

Amount of checks written in November 10,280

Checks presented to and paid by the bank in November (8,830)

Checks outstanding at the end of November 1,450

Therefore, the amount of outstanding checks at the end of November is $1,450.

b. For December:

Outstanding brought forward from November ending 1,450

Amount of checks written in December 11,185

Total amount of checks presentable in December 12,635

Checks presented to and paid by the bank in December (10,445)

Checks outstanding at the end of November 2,190

Therefore, the amount of outstanding checks at the end of December is $2,190.

Answer from: Quest

Ithink the most appropriate answer would be a.i hope it you!

Answer from: Quest

in terms of experimental research, mcdonald’s charging different prices in the two cities relates to

Another question on Business

Business, 22.06.2019 06:00

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Answers: 3

Answer

Business, 22.06.2019 10:50

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Answers: 2

Answer

Business, 22.06.2019 11:00

On analyzing her company’s goods transport route, simone found that they could reduce transport costs by a quarter if they merged different transport routes. what role (job) does simone play at her company? simone is at her company.

Answers: 1

Answer

Business, 22.06.2019 15:00

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)

Answers: 2

Answer

You know the right answer?

In the month of November, Sunland Company Inc. wrote checks in the amount of $10,280. In December, c...

Questions