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At March 31, Cummins Co. had a balance in its cash account of $10,000. At the end of March the company determined that it had

At March 31, Cummins Co. had a balance in its cash account of $10,000. At the end of March the company determined that it had outstanding checks of $1,015, deposits in transit of $650, a bank service charge of $30, and an NSF check from a customer for $215. The true cash balance at March 31 is:

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  • $9,635
  • $9,755
  • $10,000
  • $9,385

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