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On May 31st, Company O's General ledger shows a cash balance of $5123. The May 31 bank statement shows a balance of $4905. Other information

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On May 31st, Company O's General ledger shows a cash balance of $5123. The May 31 bank statement shows a balance of $4905. Other information is available as follows: 1. A May 31 deposit of $300 does not appear on the bank statement; but a $3 service charge does 2. A customer's $40 insufficient funds check has been returned with the bank statement. 3. Outstanding checks of $10, 15 and $100 are identified on May What is the correct cash balance for May 31 A. $4905 B $5080 C $5166 D.$5204

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