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What is the bank reconciled balance

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A company's bank statement at Dec.31,2020 showed balance of $12,000 while the Company's book had a balance of $9,800 on same date. It was subsequently discovered that the total outstanding cheques were $4,150 with total deposits in transit totaling to $2,000. Total debit memos amounted to $50. Interest earned was $50 and total credit memos were $50. What is the Bank Reconciled balance?

Option (A) $9,750

Option (B) $9,850

Option (C) $7,850

Option (D) None of the above

Reference no: EM132836998

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