Sigma’s bank statement shows an overdrawn balance of $38 600 at 30 June 2010. A check against the company’s cash account revealed the following differences:

• Bank charges of $200 have not been entered in the cash account.

• Items recorded on 30 June 2010 but credited by the bank in July $14 700.

• Cheque payment entered in cash account but not presented for payment at 30 June 2010 totalled $27 800.

• A cheque payment to a supplier of $4200 charged to the account in June 2010 was recorded in the cash account as a receipt.

Based on this information, what was the cash account balance before any adjustments?

a. $43 100 overdrawn

b. $16 900 overdrawn

c. $60 300 overdrawn

d. $34 100 overdrawn ACCA adaptedLO1.