A bank statement shows a credit balance of $1500.
A payment of $500 and a receipt of $1250 were included in the cash book but have not yet appeared on the bank statement.
Bank interest payable of $1100 had been correctly recorded in the cash book but due to a bank error had been recorded in the bank statement as $1000.
What is the cash book balance?
1 )
$650
2 )
$850
$2150
4 )
$3350
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