On September 30 the Bank Statement of Fine Company Showed

Multiple Choice

On September 30 the bank statement of Fine Company showed a balance of $8,900. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records:Deposits in transit amounted to $3,750Outstanding checks amounted to $7,120A $610 check was incorrectly drawn on Fine's accountNSF checks returned by the bank were $890The bank service charge was $33Credit memo for $105 for the collection of one of the company's account receivableWhat is the true cash balance?

A) $6,140
B) $6,212
C) $5,322
D) $7,522