Linetech Company's bank statement showed an ending balance of $8,000.Items appearing in the bank reconciliation included:
Outstanding checks,$500; deposits in transit,$1,000; bank service charges,$50; and Driver Company's $250 check erroneously deducted from Linetech's bank account by the bank.How much is the correct cash balance at the end of the month?
A) $10,600
B) $8,750
C) $8,500
D) $8,250
Correct Answer:
Verified
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