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Linetech Company's bank statement showed an ending balance of $8,700. Items appearing in the bank reconciliation included: outstanding checks, $850; deposits in transit, $1,700; bank
Linetech Company's bank statement showed an ending balance of $8,700. Items appearing in the bank reconciliation included: outstanding checks, $850; deposits in transit, $1,700; bank service charges, $57; and Driver Company's $285 check erroneously deducted from Linetech's bank account by the bank. How much is the correct cash balance at the end of the month? $9,835. $9,550. $12,784. $9,265.
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