On October 31, 2018, the bank statement shows that your company has $14,656.73 in its checking account. You are aware of three outstanding checks that total of $4,662.19. During October, 2018, the bank rejected two deposited checks from customers totaling $ 1,079.19 because of insufficient funds and charged you $46.00 in service fees. You had not yet received notice about the bad checks, but you were aware of and have recorded the $46.00 of service fees. Prior to adjustment on October 31, 2018, your Cash account would have a balance of: (Round your answer to 2 decimal places.)

The options are missing for what shall be cash account balance prior to 31 October 2015

a) $11,023.73

b) $ 20,898.11

C) $ 18,639.73

d) $   8,961.35

The Answer is D ) $ 8,961.5

Explanation:

Bank Statement Balance             $ 14,656.73

Add: Fees Reversed                              $46

Less: Outstanding Checks         ($4,662.19)

Less: Checks rejected-customers ($ 1,079.19)

Balance as per cash book                  $8,961.35

1.Fees was already recorded in cash book therefore added back

2.Outstanding checks were recorded in cash book but not in bank statement therefore reversed from bank balance

3. Insufficient checks also reversed as they are already deducted from cash book

what are the sentences? so we can answer the question.

answer///supply is elastic, and demand is inelastic;