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Damon Company receives its monthly bank statement, which reports a balance of $2,000. After company's cash records. Damon's accountants determine that deposits outstanding total $4,

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Damon Company receives its monthly bank statement, which reports a balance of $2,000. After company's cash records. Damon's accountants determine that deposits outstanding total $4, 200 and checks outstanding total $4, 450. Required: Calculate the reconciled bank balance for cash

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