3. Using the following data, prepare the bank reconciliation for Morgan Building Co. The cash account balance in the general ledger on August 31 was $ 80,435, recognizing receipts of $ 104,405 for August and cheques written during August of $ 90,450. Deposits in transit on August 31 were $ 4,125 and cheques of $ 2,225 were outstanding as of that date. The bank statement on August 31 had a balance of $ 78,265, recognizing deposits of $ 105, 360 and withdrawals of $101,970. The withdrawls included a service charge for August of $ 270 not yet reported to Morgan Building Co. What is the true cash balance per bank as of July 31? A. $ 80,165 B. $ 78,535 C. $ 105,360 D. $ 78,265