The following bank reconciliation statement has been prepared for a company:
                                                                                                                $
Overdraft per bank statement                                                              39,800
add: Deposits credited after date                                                         64,100
––––––––
                                                                                                            103,900
less: Outstanding cheques presented after date                                  44,200
––––––––
Overdraft per cash book                                                                       59,700
––––––––
Assuming the amount of the overdraft per the bank statement of $39,800 is correct, what should be the balance
in the cash book?
A $158,100 overdrawn
B $19,900 overdrawn
C $68,500 overdrawn
D $59,700 overdrawn as stated

B

39,800 + 44,200 – 64,100 = 19,900 overdrawn