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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 1,000 Deposits in transit 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 1,000 Deposits in transit Interest earned on the bank account 10 50 Bank service charge for check printing Checks outstanding Customer's NSF check returned by the bank 1,500 25 The correct cash balance on August 31 is: Select one: O a. $5,565 O b. $4,500 O c. $5,065 O d. $5,500 e. $5,000

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