Damon Company receives its monthly bank statement, which reports a balance of $1,850. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,600 and checks outstanding total $3,850.
Calculate the reconciled bank balance for cash.
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Home » Business » Damon Company receives its monthly bank statement, which reports a balance of $1,850. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,600 and checks outstanding total $3,850.