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The accounting records and bank statement of Dalgona Supply Store provide the following information at the end of September. The closing 'Cash' account balance was

The accounting records and bank statement of Dalgona Supply Store provide the following information at the end of September. The closing 'Cash' account balance was $38,550, and the bank statement shows a closing balance of $36,000. On reviewing the bank statement, it is found an account customer has deposited $2,500 into the bank account for a March sale and the monthly insurance premium of $550 was automatically charged to the account. Interest of $1,500 was paid by the bank and a bank fee of $50 was charged to the account. A payment of $950 to a supplier has been recorded twice in the accounts. You are completing the bank reconciliation and have just calculated the "ending reconciled cash balance". What is the current balance of the 'cash' account?

A. None of the other answers

B. 37,950

C. 38,550

D. 41,000

E. 40,350

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