If the Month-End Bank Statement Shows a Balance of $90,000

Multiple Choice

If the month-end bank statement shows a balance of $90,000, outstanding checks are $30,000, a deposit of $10,000 was in transit at month end, and a check for $1,250 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

A) $68,750.
B) $71,250.
C) $51,250.
D) $108,750.