In the month of November, its first month of operations, Jayasinghe Inc. wrote cheques in the amount
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In the month of November, its first month of operations, Jayasinghe Inc. wrote cheques in the amount of $12,600. In December, cheques in the amount of $9,500 were written. In November, $11,100 of these cheques were presented to the bank for payment and $9,900 were presented in December. What is the amount of outstanding cheques at the end of November and at the end of December?
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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