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Business, 16.06.2020 22:57 ExclusiveNay

On September 30 the bank statement of Fine Company showed a balance of $7,800. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: A. Deposits in transit amounted to $3,150
B. Outstanding checks amounted to $6,200
C. A $550 check was incorrectly drawn on Fine's account
D. NSF checks returned by the bank were $750
E. The bank service charge was $29
F. Credit memo for $75 for the collection of one of the company's account receivable
What is the true cash balance?
A) $5,346
B) $5,300
C) $4,596
D) $7,096

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