On September 30, the bank statement of Fine Company showed a balance of $8,100. The...
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On September 30, the bank statement of Fine Company showed a balance of $8,100. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: . Deposits in transit amounted to $3,450 Outstanding checks amounted to $6,660 A $580 check was incorrectly drawn on Fine's account NSF checks returned by the bank were $820 Bank service charge was $31 Credit memo for $90 for the collection of one of the company's account receivable Based on the above information, the true cash balance was
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