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A companys bank statement at Dec.31,2020 showed balance of $12,000 while the Companys book had a balance of $9,800 on same date. It was subsequently
A companys bank statement at Dec.31,2020 showed balance of $12,000 while the Companys 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?
(A) $9,750
(B) $9,850
(C) $7,850
(D) None of the above
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