Proctoring Enabled: Retest 2 chapters 5-8 6 4 points 00:20:27 eBook 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: Deposits in transit amounted to $4,950 Outstanding checks amounted to $8,960 A $730 check was incorrectly drawn on Fine's account NSF checks returned by the bank were $1,170 - The bank service charge was $41 Credit memo for $165 for the collection of one of the company's account receivable What is the true cash balance? Multiple Choice $8,944 $7,774 $8,820 B

On September 30 the bank statement of fine Company showed a balanke of $2,500. The follawing information was raveoled tor comparing the bank - Deposits in eransir anosinted to \$4,050 - Outsinnding chechs amounted to 58.960 - A \$ 730 check wos incorrecty driturt on fines account - NSF chechs teturned ty the bank were $1470 - The bank service charge was $41 - Credit memo for $165 for the collection of one of the companys account recelvabie What is the thue cash balance? Multiple Choice $3944 $7774 58.820