Question 7 at 31 december 2020 sofie prepares a bank

QUESTION 7
At 31 December 2020, Sofie prepares a bank reconciliation statement for her business. The
balance on the cash account was €4,300 (CR), but the balance on the Bank statement was 11,370
(CR). The reasons for the difference were as follows:
(i) Bank charges of €150 were not recorded.
(ii) A payment received of €5,700 had been entered in the cash account as €7,500.
(iii) Sofie transferred €2,050 from her personal bank account to the business bank account.
The bank registered the transaction on 29 December 2020, but Sofie forgot to show it in
her cash account.
(iv) Sofie withdrew €430 from the business bank account, but she forgot to register on the
ledger.
(v) Lodgment of €6,590 had not yet appeared on the bank statement.
(vi) Sofie earned interest €150 from the bank, but it was not recorded in the bank until after
January 2021.
What is the updated balance on the cash account?
a) - €1,030
b) - €4,630
c) €1,030
d) € 4,630