4. The following informa tion pertains to Sooner Company's cash balance and bank reconciliation as of August 31: Company balance before reconciliation $5,000 Checks outstanding $2,500 Notes collected by the bank $2,200 Service fee Deposits outstanding $2,000 What is the correct cash balance for Sooner Company? A. $7,150. B. $5,150. $7,650. C. D. $7,250 5. On May 31, Money Corporation' was prepared. After examining the May bank statement and items included with it, the company's accountant found the following items: s Cash account showed a balance of $10,000 before the bank reconciliation $2,250 Checks outstanding 1,900 Deposits outstanding 100 NSF checlk 40 Service fees Error: Money Corp. wrote a check for $30 but recorded it incorrectly for $300. What is the amount of cash that should be reported in the company's balance sheet as of May 31? A. $9,860. B. $9,650 C. $10,130. D. $10,410