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On May 31, Company O's general ledger shows a cash balance of $5,123. The May 31 bank statement shows a balance of $4,905. Other information is available as follows:1. A May 31 deposit of $300 does not appear on the bank statement; but a $3 service charge does.2. A customer's $40 insufficient funds check has been returned with the bank statement.3. Outstanding checks of $10, $15, and $100 are identified on MayWhat is the correct cash balance on May 31?(A) $4,905(B) $5,080(C) $5,166(D) $5,204
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