At March 31, Casey Co. had a balance in its cash account of $9,500. At the end of March the company determined that it had outstanding checks of $900, deposits in transit of $600, a bank service charge of $20, and an NSF check from a customer for $200. The true cash balance at March 31 is:
A) $9,200
B) $9,280
C) $9,500
D) $8,980
Correct Answer:
Verified
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