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A company's bank statement shows a cash balance of $4,230. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions
A company's bank statement shows a cash balance of $4,230. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $3,950, deposits outstanding of $1,280, NSF check of $320, and service fee of $52. Calculate the correct balance of cash.
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