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The cash account shows an ending cash balance of $350,000. In reconciling the bank statement, the company notices that there are $45,000 of outstanding checks
The cash account shows an ending cash balance of $350,000. In reconciling the bank statement, the company notices that there are $45,000 of outstanding checks and $55,000 of deposits in transit and that the bank charged $1500 of bank fees. The ending balance per the bank statement is?
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