Ross incorporated is reviewing the month-end bank statement which shows a balance of $58,000. Upon review, it was identified there is $18,000 of outstanding cheques, a deposit of $5,000 was in transit at month, and a cheque for $700 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

Question 7 options:

a)	$44,300.
b)	$34,300.
c)	$45,700.
d)	$71,700.