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The companys bank statement reveals a collection of 110 and

Question - A company is reconciling it's cash balance. It's bank balance is $10,200. The company has deposits in transit of $1,200 and outstanding checks of $4,400. The company's bank statement reveals a collection of $110 and fees of $45. Calculate the company's adjusted cash balance.

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Accounting Basics: The companys bank statement reveals a collection of 110 and

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Accounting Basics: The companys bank statement reveals a collection of 110 and

Reference No:- TGS02901982

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