Question - 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 October 31 balance sheet?