34.3 Sandilands Co uses a computer package to maintain its accounting records. A printout of its cash book for the month of May 20X3 was extracted on 31 May and is summarised below.

$

$

Balance b/d 546 Payments 5,966 Receipts 6,293 Balance c/d 873 6,839 6,839 The company's chief accountant provides you with the following information.

(a)

Bank charges of $630 shown on the bank statement have not been entered in the company's cash book.

(b)

Three standing orders entered on the bank statement have not been recorded in the company's cash book: a subscription for trade journals of $52, an insurance premium of $360 and a business rates payment of $2,172.

(c)

A cheque drawn by Sandilands Co for $693 and presented to the bank on 26 May has been incorrectly entered in the cash book as $936.

After correcting the errors above, what is the revised balance on the cash book?

A

$2,098 debit B

$2,584 debit C

$3,868 credit D

$3,382 credit

(2 marks)