The following data was extracted from the accounting records of Wise Company: Adjusting journal entries made by Wise after preparing the December bank reconciliation were as follows: Dr. Cash 1,995.00 Dr. Bank Service Charges 5.00 Cr. Notes Receivable 2,000.00 Dr. Cash 27.00 Cr. Advertising Expense 27.00 Dr. Accounts Receivable 450.00 Cr. Cash 450.00 Dr. Bank Service Charges Expense 42.50 Cr. Cash 42.50 Other information: The Balance Per books November 30 was $18,434.27 Deposits in transit at December 31 were $2,145.40 An error made by the bank on the December bank statement was detected. It had charged a cheque written by another bank client (Wiese Company) against Wise Company's bank balance. The Bank has been notified and agrees it is indeed their error. The amount was $30.50 Outstanding cheques were $1,938.53 There were no other reconciling items not reflected above The journal entry for the $450 probably represents: Multiple Choice An outstanding cheque written by Wise which has not cleared the bank in December An NSF cheque Some other explanation A deposit made by Wise which was not recorded on the bank statement Collection of a receivable on Wise's behalf