^^**Note: The answer that is selected is not correct, please help!

On September 30, the bank statement of Fine Company showed a balance of $12,100. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: (1) deposits in transit amounted to $4,950 (2) outstanding checks amounted to $8,960 (3) a $730 check was incorrectly drawn on Fine's account (4) NSF checks returned by the bank were $1,170 (5) bank service charge was $41 (6) credit memo for $165 for the collection of one of the company's account receivable Based on the above information, the true cash balance was: Multiple Choice $8,820 $8,944. $7,774 $9,374