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Ena On September 30 the bank statement of Fine Company showed a balance of $13,700. The following information was revealed by comparing the bank statement
Ena On September 30 the bank statement of Fine Company showed a balance of $13,700. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records Deposits in transit amounted to $5.550 . Outstanding checks amounted to $9,880 A $790 check was incorrectly drawn on Fine's account NSF checks returned by the bank were $1310 The bank service charge was $45 Credit memo for $195 for the collection of one of the company's account receivable What is the true cash balance? Multiple Choice $10.160 $10,310 $9,000 tinan Next >
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