Question

I'm having problems knowing how to do this can you please help me and show me the steps to solve it thank you.

Brief Exercise 7-13 In the month of November, Oriole Company Inc. wrote checks in the amount of $9,665. In December, checks in the amount of $11,570 were written. In November, $8,850 of these checks were presented to the bank for payment, and $10,515 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? November December The amount of outstanding checks $ $

Answer 1

Outstanding checks are those checks which have been written but not yet cleared by bank

The checks cleared in December include outstanding checks for November.

The amount of outstanding checks:
November	815	=9665-8850
December	1870	=11570-(10515-815)