Month-end bank statement, If the month-end bank statement

Month-end bank statement

Reference no: EM13157867

If the month-end bank statement shows a balance of $36,000, outstanding checks are $12,000, a deposit of $4,000 was in transit at month end, and a check for $500 was erroneously charged by the bank against the account, what is the correct balance in the bank account at month end?

A. $43,500

B. $20,500

C. $28,500

D. $27,500

Reference no: EM13157867

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