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A company manages all its collections and payments through a bank account. As of July 30, the account statement showed a balance of $8089 and
A company manages all its collections and payments through a bank account. As of July 30, the account statement showed a balance of $8089 and when comparing its records with the bank statement, it found the following differences 1) deposits in transit $3800 2)bank commissions$88 3) wrong bank charge $310 4) checks pending payment $1550 5) document collected from the bank $14040 What should be the correct cash balance resulting from reconciling the balances?
a) $9091
b)$10649
c)11651
d)9401
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