A company has an cwerdraft of $500 in Account X with a bank. It has a balance of $1,200 avaliable in another account Y in the same bank to cover the overdraft. When preparing its balance sheet, the company should report A. Cash of $100 8. Cash of $1,200 and current Eability of $500 C. 5500 as compensating balance D. in the footnotes that 4t has an overdraft