The December 31, 20x3 bank statement for Pardy Inc. showed a balance of $16754. The accountant for the company gathered the following information to prepare the December 31, 20x3 bank reconciliation:

1. Cheques amounting to $6488 are outstanding at December 31

2. The December 31, 20x3 deposit of $2601 had not been received by the bank in time to be included in the December bank statement

3. The bank charged the company $198 for monthly standard service charges and have not yet been recorded by the company

4. The company recorded a $3642 cheque in payment of an account payable as $6249

5. The balance in Pardy Inc.’s cash account according to its accounting records was $X

What is the balance in Pardy Inc.’s cash account according to its accounting records at December 31, 20x3? (i.e. what is the value for X)

Select one:

a. $14345

b. $12867

c. $15276

d. $10458