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Damon Company receives its monthly bank statement, which reports a balance of $1775. After comparing...

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Accounting

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Damon Company receives its monthly bank statement, which reports a balance of $1775. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,300 and checks outstanding total $3,550. Required: Calculate the reconciled bank balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Deposits outstanding Checks outstanding Reconciled bank balance

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