Cash and Accounts Receivable (Chapter 7 In preparing its May 31, 2014 bank reconciliation, Rober and Son Co. has the following information available Balance per bank statement, 5/31/12 Deposit in transit, 5/31/12 Note collected by bank in May Bank Service Charge Outstanding checks, 5/31/12 S32,000 5.400 1,250 50 4,900 1-Final A-Intermediate Accounting I, December 2014 The correct balance of cash at May 31, 2012 is a. S37,350 b. S31.250 c. S32,500 d. $33,700 e. S32,450 The jounal entries tor a bank reconciliation a. are taken from the "balance per bank" section only b. are taken from the "balance per book" section only c. mav include a credit to Accounts Receivable for an NSF check. d. may include a debit to Accounts Payable for an NSF check