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A company is reconciling it's cash balance. It's bank balance is $10,200. The company has deposits in transit of $1,200 and outstanding checks of $4,400.
A company is reconciling it's cash balance. It's bank balance is $10,200. The company has deposits in transit of $1,200 and outstanding checks of $4,400. The company's bank statement reveals a collection of $110 and fees of $45. Calculate the company's adjusted cash balance.
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