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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

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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 S 10 Bank service charges $50 Checks outstanding $1,500 Customer's NSF check returned by the bank $25 Question: What is the correct cash balance on August 31? Select one: 0 a $5,565 O b. $4,500 c. $5,000 od. $5,065 o e. $5,500 Jump to... w Solutions

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