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The Conner Company's August 31 pre-reconciliation cash balance on its books was $90,000. As of...

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Accounting

The Conner Company's August 31 pre-reconciliation cash balance on its books was $90,000. As of August 31, outstanding checks total $44,000 and deposits in transit total $30,000. Assuming there are no other reconciling items, what was the August 31 cash balance on Conner's bank statement

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