Damon Company receives its monthly bank statement, which reports a balance of $1,550. After comparing...
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Accounting
Damon Company receives its monthly bank statement, which reports a balance of $1,550. After comparing this to the companys cash records, Damons accountants determine that deposits outstanding total $2,400 and checks outstanding total $2,650.
Calculate the reconciled bank balance for cash.
Bank Balance:
Deposit Oustanding:
Checks Outstanding:
Reconciled Bank Balance:
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You can see the logs in the Dashboard.