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In the month of May, Sheffield Company Inc. wrote checks in...

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Accounting

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In the month of May, Sheffield Company Inc. wrote checks in the amount of $56700. In June, checks in the amount of $76100 were written. In May, $50000 of these checks were presented to the bank for payment, and $66400 in June. What is the amount of outstanding checks at the end of June? $9700 $6700 $19400 $16400

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