In the month of may lopat company inc. wrote checks in the, Ask an Expert

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In the month of May, Lopat Company Inc. wrote checks in the amount of $37,000. In June, checks in the amount of $50,632 were written. In May, $33,872 of these checks were presented to the bank for payment, and $43,532 in June. What is the amount of outstanding checks at the end of May?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947811

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