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A company's general ledger shows a cash balance of $2,300. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions
A company's general ledger shows a cash balance of $2,300. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as deposits outstanding of $1,740, note collected by the bank on the company's behalf of $1,200, and interest earned of $27. The company also finds an error by the bank of an additional deposit of $180. Calculate the correct balance of cash. Cash balance
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