A bank statement shows a credit balance of $8360. Comparison with the cash book reveals:
1 bank charges of $124 have not been entered in the cash book
2 cheques received from customers for $16223 have not been credited by the bank
3 cheques sent to suppliers for $18725 have not been presented.
What is the correct cash book balance?
1 )
$5734 credit
2 )
$5734 debit
$5858 debit
4 )
$10986 credit
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