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16. The following information is about the cash balances for Mooner Sooner Inc., at the end of 20XC: Bank balance: $8,000 Checks outstanding: $5,800 Note

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16. The following information is about the cash balances for Mooner Sooner Inc., at the end of 20XC: Bank balance: $8,000 Checks outstanding: $5,800 Note collected by the bank: $1,500 Service fee: $20 Deposits outstanding: $4,000 NSF check (bad check) returned for $300 What is the correct cash balance for Mooner Sooner Inc.? A $10,200 B. $7,400 C. $6,200 D. $6,160

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