Answer:
The correct answer is $2,860.
Explanation:
According to the scenario, the given data are as follows:
Unadjusted book balance = $2,550
outstanding checks = $600
Deposit in Transit = $450
Bank service charges = $90
Bank collected account receivable = $1000
.Check written by Rich's customer = $600
So, true cash balance can be calculated as follows :
Cash balance = $2,550 + $ 1000 - $90 - $600
= $2,860
Hence, the correct answer is $2,860.