The following information was taken from a company's bank reconciliation at the end of the year:

Bank balance $ 8,000

Checks outstanding $ 5,800

Note collected by the bank $ 1,500

Service fee $ 20

Deposits outstanding $ 4,000

NSF check $ 300

What is the correct cash balance that should be reported in the company's balance sheet at the end of the year?

A) $10,200.

B) $7,400.

C) $6,200.

D) $6,160.

Answer: $6,200.,