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Business, 21.02.2020 18:01 LuvIsRage2

Damon Company receives its monthly bank statement, which reports a balance of $1,825. After comparing this to the company’s cash records, Damon’s accountants determine that deposits outstanding total $3,500 and checks outstanding total $3,750. Required: Calculate the reconciled bank balance for cash. (Amounts to be deducted should be indicated with a minus sign.)

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