Multiple Choice
Linetech Company's bank statement showed an ending balance of $8,000.Items appearing in the bank reconciliation included: outstanding checks,$500;deposits in transit,$1,000;bank service charges,$50;and Driver Company's $250 check erroneously deducted from Linetech's bank account by the bank.What is the correct cash balance at the end of the month?
A) $10,600.
B) $8,750.
C) $8,500.
D) $8,250.
Correct Answer:

Verified
Correct Answer:
Verified
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