Concord Corporation wrote checks totaling $30740 during October and $33571 during November. $29230 of these checks cleared the bank in October, and $32795 cleared the bank in November. What was the amount of outstanding checks on November 30? O $414. O $2286. O $3565. O $1098.

Concord Corporation wrote checks totaling $30740 during October and $33571 during November. $29230 of these checks cleared the bank in October, and $32795 cleared the bank in November. What was the amount of outstanding checks on November 30? O $414. O $2286. O $3565. O $1098.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 18RQSC

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

un.4

Concord Corporation wrote checks totaling $30740 during October and $33571 during November. $29230 of these checks cleared
the bank in October, and $32795 cleared the bank in November. What was the amount of outstanding checks on November 307
O $414.
O $2286.
O $3565.
O $1098.

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