The cash account shows a balance of $84930 before reconciliation. The bank statement does not include a deposit of $4690 made on the last day of the month. The bank statement shows a collection by the bank of $1850 and a customer's check for $650 was returned because it was NSF. A customer's check for $890 was recorded on the books as $1030, and a check written for $160 was recorded as $186. The correct balance in the cash account was $86296. $86016. $90706. $85964.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?