X Company used the following items to complete its bank reconciliation for the month of October:
· Deposits in transit were $2,500
· Outstanding checks totaled $1,100
· Bank service charges were $10
· The company correctly wrote a check for $192, but mistakenly recorded the check as $129 on its
books. The bank cashed the check correctly for $192.
· A customer's check for $50 was returned by the bank, NSF
According to the bank statement, the cash balance was $10,000. How much cash should X Company show on its October 31 balance sheet?
A) $11,400
B) $12,500
C) $10,000
D) $11,350