If the Month-End Bank Statement Shows a Balance of $54,000

Multiple Choice

If the month-end bank statement shows a balance of $54,000, outstanding checks are $18,000, a deposit of $6,000 was in transit at month end, and a check for $750 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

A) $41,250.
B) $42,750.
C) $30,750.
D) $65,250.