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In preparing its May 31, 2017 bank reconciliation, Bramble Corp. has the following information available:...

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Accounting

In preparing its May 31, 2017 bank reconciliation, Bramble Corp. has the following information available:

Balance per bank statement, 5/31/17 $50000
Deposit in transit, 5/31/17 5600
Outstanding checks, 5/31/17 5000
Note collected by bank in May 1240

The correct balance of cash at May 31, 2017 is

 $45940.

$44375.

$42810.

$50600.

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