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What is the correct cash balance that should be reported

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Reference no: EM132933375

The following information was taken from a company's bank reconciliation at the end of the year:

Bank balance $9,200

Checks outstanding $8,300

Note collected by the bank $1,800

Service fee $32

Deposits outstanding$5,200

NSF check$410

Problem 1: What is the correct cash balance that should be reported in the company's balance sheet at the end of the year?

Reference no: EM132933375

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