The Kram Corporation had five outstanding checks on January 31: #372 for $525, #381 for $964, #386 for $212, #387 for $845, and #388 for $909. During February the company wrote the following checks: #389 for $926, #390 for $845, #391 for $279, #392 for $507 and #393 for $366. The company's February 28 bank statement showed the following checks had been processed by the bank in September: #381 for $964, #386 for $212, #388 for $909, #389 for $926, #390 for $845, and #391 for $279.

Determine the dollar amount of the company's outstanding checks on February 28.

Answer rating: 100% (QA)

Solution Outstanding Check... View the full answer