Given the following October data per books: 9/30 balance $100 October receipts $40 October disbursements $30 10/31 balance $110 Reconciling Items: 1. 9/30 Deposit in transit $4 2. 10/31 Outstanding checks $2 3. 10/31 Collection by bank $7 The 10/31 balance per bank is:

Select one:

a.

$114

b.

$105

c.

$119

d.

$101

e.

$115