Wilson Company gathered the following reconciling information in preparing its August bank reconciliation: Bank statement balance at August 31 $ 5,000 Deposits in transit $ 1,000 Interest earned on the bank account $ 10 Bank service charges Checks outstanding $1,500 Customer's NSF check returned by the bank $ 25 $50 Question: What is the correct cash balance on August 317 Select one: O a. $5,565 O b. $4,500 Oo oo c. $5,500 d. $5,065 e. $5,000