Question - Beta Inc.'s bank statement shows a balance of $19,700 on November 30. The following additional information is available:
- Deposits of $3,400, representing cash receipts for sales in November, did not appear on the November bank statement.
- Cheques totaling $2,900, representing cheques issued in November, did not appear on the November bank statement.
- A cheque for $660 from a customer was returned by the bank and marked NSF on both the cheque and bank statement.
- A cheque issued in November was recorded for $325, but the correct amount that cleared the bank account was $352.
- Cash on hand is $350.
Based only on the information above, what is the correct cash balance that should be reported on Beta's balance sheet on November 30?
a. $19,513
b. $19,700
c. $19,863
d. $20,200
e. $20,550