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 $7,800.The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records:
Deposits in transit amounted to $3,150
Outstanding checks amounted to $6,200
A $550 check was incorrectly drawn on Fine's account
NSF checks returned by the bank were $750
The bank service charge was $29
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