At November 1, 2010, Myers Enterprises reported a cash balance of $60,000. During the month, Kern collected cash of $20,000 and made disbursements of $35,000. At September 31, 2010, what is the cash balance?
a) $80,000 debit
b) $45,000 credit
c) $45,000 debit
d) $55,000 credit