In the month of May, Nash's Trading Post, LLC wrote checks in the amount of $ 54800
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Question:
In the month of May, Nash's Trading Post, LLC wrote checks in the amount of $54800. In June, checks in the amount of $74935 were written. In May, $50131 of these checks were presented to the bank for payment and $64427 in June. What is the amount of outstanding checks at the end of May?
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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