Reference no: EM132913792
Question - Bayside Company provided the following information for October and November 2014:
Checks and charges recorded by bank in November, including a November service charge of P4,000 and NSF check of P20,000 550,000
Service charge made by bank in October and recorded by depositor in November 2,000
Total credits to cash in all journals during November 620,000
Customer NSF check returned in October and redeposited in November (no entry made by depositor in either October or November) 40,000
Outstanding checks on October 31, 2014 that cleared in November 230,000
Required - What is the amount of outstanding checks on November 30, 2014?
A. 282,000
C. 302,000
B. 300,000
D. 322,000
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