8. The "cash at bank" balance in the ledger at the beginning of the month was K1,000 (Credit). Total of the Cash Receipts Journal for the month was K4,000 and the total of the Cash Payments Journal was K5,000. The "cash at bank" balance at the end of the month was: A [ ] Nil B [ ] K1,000 (balance) C [ ] K1,000 (overdraft) D [ ] K2,000 (overdraft) 9. A bank lends K100,000 for 4 years at 10% interest per annum on the reducing balance at the end of each year of the loan. Principal of K25,000 is paid at the end of each year and interest is paid annually. The interest payable at the end of third year would be: A [ ] K 2,500 B [ ] K 5,000 C [ ] K 7,500 D [ ] K10,000 10. Your cash at bank account has an (overdrawn/credit) balance of K200 and your bank statement shows a balance (overdrawn/debit) balance of K200. You have arranged an overdraft of K700 with your bank. Without making further deposits to your bank, what amount can you draw cheques? A [ ] K500 B [ ] K700 C [ ] K750 D [ ] K950