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On September 30 the bank statement of Fine Company showed a balance of $12.900. The following information was revealed by comparing the bank statement to

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On September 30 the bank statement of Fine Company showed a balance of $12.900. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: Deposits in transit amounted to $5.250 Outstanding checks amounted to $9,420 A $760 check was incorrectly drawn on Fine's account NSF checks returned by the bank were $1.240 The bank service charge was $43 Credit memo for $180 for the collection of one of the company's account receivable What is the true cash balance? Multiple Choice Oo oo

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