Daily Company reported the following items on its August bank reconciliation: deposit in transit totaling $2,300 and 3 checks outstanding at August 30th: No. 5888 for $1,029.80, No. 5889 for $615 and No. 5890 for $535.

Daily has asked you to prepare its September bank reconciliation and provides the following information regarding its September cash activity:

7) Daily Company reported the following items on its August bank reconciliation: deposit in transit totaling $2,300 and 3 checks outstanding at August 30th: No. 5888 for $1,029.80, No. 5889 for $615 and No. 5890 for $535. Daily has asked you to prepare its September bank reconciliation and provides the following information regarding its September cash activity: General Ledger: Cash BB 9/lst $14,622.40 Sept.5 1,105.50 1,826.00 #5901 12 2,228.65 721.65 #5902 21 4,094.75 400.85 #5903 25 2,353.45 2,060.00 #5904 30 1,702.75 938.75 #5905 978.00 #5906 215.60 #5907 384.00 #5908 1,809.40 #5909 $11,485.10 $9,334.25 EB 9/30111 $16,773.25 September Bank Statement: Previous Total Tot :11 Current Balance Checks and Deposns and Balance Debits Credits $14,502.20 10,648.05 13,652.35 $17,506.50 Checks and Debits Deposits and Credits Daily Balance Date No. Amount Date Amount Date Amount 3-Sep 5888 1,029.80 l-Sep 2,300.00 31-Aug $14,502.20 4-Sep 5902 721.65 5-Sep 1,105.50 lSep 16,802.20 7.5:]; 5901 1,826.00 12-Sep 2,228.65 3-Sep 15,772.40 17-Sep 1,700.00 NSF 21-Sep 4,094.75 4Sep 15,050.75 20-Sep 5905 938.75 25Sep 2,353.45 5-Sep 16,156.25 22-Sep 5903 400.85 30-Sep 20.00 INT 7-Sep 14,330.25 22-Sep 5904 2,006.00 30-Sep 1,550.00 CM 12-Sep 16,558.90 28-Sep 5907 215.6 l7-Sep 14,858.90 29-Sep 5909 1,809.40 20Sep 13,920.15 21-Sep 18,014.90 KEY: 22-Sep 15,608.05 INT Interest Earned 25-Sep 17,961.50 CM Credit Memorandum 28-Sep 17,745.90 NSF Insufcient Funds 29-Sep 15,936.50 30-Sep $17,506.50 Additional Clarication regarding items on the September bank statement: (0 Check No. 5904 is correctly drawn for $2,006 to pay for computer equipment, however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. 00 The NSF check shown in the statement was originally received from a customer, L. Davis, in payment of her account. It was determined that L. Davis had insufcient mds in her bank account to support the payment. (iii) The bank deducted a $50 collection fee. The credit memorandum is from the collection of a $1,600 note for Daily Company by the bank. Question #7 is continued on the next page. Question #7 continued below: What was Daily's reconciled cash balance at September 30th? A) $17,847.25 B) $16,849.25 C) $16,697.25 D) $15,947.25 E) NOTA