El Greco Inc's Month-End Bank Statement Shows a Balance of €46,000

Multiple Choice

El Greco Inc's month-end bank statement shows a balance of €46,000, outstanding checks are €11,000, a deposit of €2,500 which was in transit at month end.In reconciling the bank statement, El Greco discovered that a check for €500 was erroneously charged by the bank against the company's account.The adjusted balance in the bank account at month end is

A) €37,000.
B) €37,500.
C) €38,000.
D) €46,000.