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6.17 Your bank account in the general ledger at 31 December 203 shows a bank balance of $565 overdrawn. On comparing this with your bank
6.17 Your bank account in the general ledger at 31 December 203 shows a bank balance of $565 overdrawn. On comparing this with your bank statement at the same date, you discover the following. (i) A cheque for $57 drawn by you on 29 December 203 has not yet been presented for payment. (ii) A cheque for $92 from a customer, which was paid into the bank on 24 December 203, has been dishonoured on 31 December 203. What is the correct bank balance to be shown in the statement of financial position at 31 December 203? A $714 overdrawn B $657 overdrawn C $473 overdrawn (2 marks)
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