Damon Company receives its monthly bank statement, which reports a balance of $1,825. After comparing this to the companys cash records, Damons accountants determine that deposits outstanding total $3,500 and checks outstanding total $3,750.

Required:

Calculate the reconciled bank balance for cash. (Amounts to be deducted should be indicated with a minus sign.)

Bank balance
Deposits outstanding
Checks outstanding
Reconciled bank balance