On September 30, 2013, the Bank Statement of Gomez Company

Multiple Choice

On September 30, 2013, the bank statement of Gomez Company showed a balance of $7,300. The following information was revealed by the bank statement: (1) deposits in transit amounted to $3,150
(2) outstanding checks amounted to $6,200
(3) a $550 check was incorrectly drawn on Gomez's account
(4) NSF checks returned by the bank were $750
(5) bank service charge was $29
(6) credit memo for $75 for the collection of one of the company's account receivable
Based on the above information the true cash balance was:

A) $4,800.
B) $4,846.
C) $4,096.
D) $6,596.