On september 30, the bank statement of fine company showed a balance of $8,900. the following information was revealed by comparing the bank statement to the cash balance in fine's accounting records: (1) deposits in transit amounted to $3,750 (2) outstanding checks amounted to $7,120 (3) a $610 check was incorrectly drawn on fine's account (4) nsf checks returned by the bank were $890 (5) bank service charge was $33 (6) credit memo for $105 for the collection of one of the company's account receivable based on the above information, the true cash balance was:

The true cash balance was $6,140

Explanation:

The computation of the true cash balance of the bank statement is shown below:

= Bank balance + deposit in transit + bank error - outstanding checks

= $8,900 + $3,750 + $610 - $7,120

= $6,140

The other information which is given in the question i.e NSF checks, banks ervice charge is for adjusting the cash balance. Hence, we do not consider it

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answer; /// egg production using the factory technique falls less than with the free range technique;