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ABC Corp is reconciling the bank statement with its company records. The cash balance per the company's books is 45,000. There are 5,000 of bank
ABC Corp is reconciling the bank statement with its company records. The cash balance per the company's books is 45,000. There are 5,000 of bank charges not yet recorded, 7,500 of outstanding checks, 12,500 of deposit in transit and 15,000 of bank credits and collections not yet taken up in the company's books. How much is the balance of the bank statement before the bank reconcilitation
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