At the end of the month, Grant Entertainment Company showed a $12,300 book balance in its cash account. The following information was gathered by studying the bank statement and the company's cash records: (1) deposits in transit amounted to $3,900 (2) outstanding checks were $7,700 (3) a $700 check had been incorrectly drawn on Grant's account by the bank (4) NSF checks returned by the bank were $900 (5) bank service charge was $31 (6) credit memo for $100 for the collection of one of the company's account receivable Based on the above information the true cash balance would be:
$8,400.
$8,269.
$12,169.
$11,469.