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5. The attempt below at a bank reconciliation statement has been prepared by Qasim Limited. Assuming the bank statement balance of $38,600 to be correct,

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5. The attempt below at a bank reconciliation statement has been prepared by Qasim Limited. Assuming the bank statement balance of $38,600 to be correct, what should the cash book balance be? Overdraft per bank statement Add: Deposits not credited $ 38,600 41,200 79,800 Less: Outstanding cheques 3,300 76,500 (1 Point) A. $76,500 overdrawn B. $5,900 overdrawn C. $700 overdrawn D. $5,900 cash at bank

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