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What is the amount of outstanding checks on march

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Reference no: EM132920204

On March 1 of the current year, Shelbey Company had outstanding checks of $ 15,000. During March, the company issued an additional $ 57,000 of checks. As of March 31, the bank statement showed $ 48,000 of checks had cleared the bank during the month.

Problem 1: What is the amount of outstanding checks on March 31?

Reference no: EM132920204

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