A company s bank reconciliation statement shows outstanding amounts from customers paid of $3800. Cheques outstanding to
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A company s bank reconciliation statement shows outstanding amounts from customers paid of $3800. Cheques outstanding to suppliers were $3500. The cash ledger account has a net debit balance of $25000.
What is the balance on the bank statement?
a. $25 000
b. $24 700
c. $25 300
d. $32 300LO1.
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