TB MC Qu$.08-117($Static$)$ Outstanding checks refer to checks that...

Outstanding checks refer to checks that have been:

Multiple Choice

Written by the depositor, subtracted on the depositor's books, and sent to the payee but not yet turned in for payment at the bank statement date.

Held as blank checks.

Written, recorded, sent to payees, and received and paid by the bank.

Issued by the bank.

Written and not yet recorded in the company books.