Question: Month Net Changes: Amount Inflows/Outflows June 20X1 Inflows 150,000 July 20X1 Outflows 100,000 August 20X1 Outflows 160,000 September Inflows 150,000 20X1 October 20X1 Outflows

Month Net Changes: Amount Inflows/Outflows June 20X1 Inflows 150,000 July 20X1 Outflows 100,000 August 20X1 Outflows 160,000 September Inflows 150,000 20X1 October 20X1 Outflows 80,000 If the company starts on 1 June 20X1 with a positive bank balance of 120,000, how much will be the closing bank balance on 30 September 20X1? Select one: O a. 560,000 (overdrawn) bank balance O b. 80,000 (positive) bank balance O c. 160,000 (positive) bank balance O d. 40,000 (overdrawn) bank balance

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