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The Conner Company's August 31, 2016 cash balance on its books was $90,000. As of August 31, outstanding checks total $44,000, and deposits in transit

The Conner Company's August 31, 2016 cash balance on its books was $90,000. As of August 31, outstanding checks total $44,000, and deposits in transit total $30,000.

What was the August 31, 2016 cash balance on Conner's bank statement?

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