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 charge for check printing	50
Checks outstanding	1,500
Customers NSF check returned by the bank	25

The correct cash balance on August 31 is:

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 charge for check printing 50 Checks outstanding 1,500 Customer's NSF check returned by the bank 25 The correct cash balance on August 31 is: Select one: O a. $5,065 O b. $5,500 O c. $5,565 O d. $4,500 O e. $5,000