At March 31, Cummins Company had an unadjusted balance in its cash account of $10,600. At the end of March, the company determined that it had outstanding checks of $1,145, deposits in transit of $710, a bank service charge of $40, and a NSF check from a customer for $225. What is the true cash balance at March 31? Multiple Choice O O $9,865 $10,165 $10,335 $10,600

At March 31, Cummins Company had an unadjusted balance in its cash account of $10,600. At the end of March, the company determined that it had outstanding checks of $1,145, deposits in transit of $710, a bank service charge of $40, and a NSF check from a customer for $225. What is the true cash balance at March 31? Multiple Choice O O $9,865 $10,165 $10,335 $10,600

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

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please explain properly
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