The following information was taken from a company's bank reconciliation at the end of the year: Bank balance $ 8, 300 Checks outstanding 8, 200 Note collected by the bank 1,200 Service fee 31 Deposits outstanding 4,000 NSF check from a customer 330 What is the correct cash balance that should be reported in the company's balance sheet at the end of the year? Multiple Choice $7,970 $9,170 $4,100 $4,069

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As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.