A business’s bank statement showed a credit balance of $4520, but this did not match the cash book. The following items were found: (1) Bank charges of $89 had not been recorded in the cash book. (2) Unpresented cheques paid to suppliers totalled $680. (3) A dishonoured cheque for $210 was listed on the bank statement, but had not been entered in the cash book. (4) Sales receipts of $750 had been entered in the cash book, but were absent from the bank statement. What bank balance should be reported in the statement of financial position?
- Acurrent asset $4501
- Bcurrent asset $4590
- Ccurrent liability $4450
- Dcurrent liability $4539