A Review of the Financial Performance for the Month of July

Multiple Choice

A review of the financial performance for the month of July noted the following:
$\begin{array}{|l|r|r|}\hline \text{ Account } & \text{ Budget } & \text{ Actual } \\\hline \text{ Bank balance at 1 July }& \$ 8000 & \$ 8000 \\\hline \text{ Total cash payments} & \$ 12000 &\$ 10200 \\\hline \text{ Total cash receipts }&\$ 25000 & \$ 21500 \\\hline\end{array}$
The actual bank balance and variance at 31 July is:

A) bank balance $(3300) , Variance $1700 F.
B) bank balance $(3300) , Variance $1700 U.
C) bank balance $19 300, Variance $1700 F.
D) bank balance $19 300, Variance $1700 U.