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Find what the corrected cash balance is

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Problem 1: Jackson Inc prepares a bank reconciliation at the end of every month. At the end of June, the general ledger checking account showed a balance of $2,000 and the bank statement showed a bank balance of $2,025. Outstanding checks totaled $400 and deposits in transit were $200. The bank statement listed service charges of $50 and NSF checks totaling $125. The corrected cash balance is:

Reference no: EM132721871

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