Answer:
The options are missing for what shall be cash account balance prior to 31 October 2015
a) $11,023.73
b) $ 20,898.11
C) $ 18,639.73
d) $ 8,961.35
The Answer is D ) $ 8,961.5
Explanation:
Bank Statement Balance $ 14,656.73
Add: Fees Reversed $46
Less: Outstanding Checks ($4,662.19)
Less: Checks rejected-customers ($ 1,079.19)
Balance as per cash book $8,961.35
1.Fees was already recorded in cash book therefore added back
2.Outstanding checks were recorded in cash book but not in bank statement therefore reversed from bank balance
3. Insufficient checks also reversed as they are already deducted from cash book