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á business has the following cash and bank transactions during January 2001. balance 1.1.2001: cash $500, Bank $1,000 overdrawn, receipts of cash $12,600, cash paid $3,200, Cash paid to bank $5,500, payments by cheque $8,200. Closing balance: cash $600 and Bank $6.200 overdrawn. Calculate the total cash and bank drawing.
A. $14.800 (no bank drawing)
B. $860
C. $11,800
D. $6,300Why the answer is option D.
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