Question: When the bank statement is received on July 3 it
When the bank statement is received on July 3, it shows a balance, before reconciliation, of $ 5,200 as of June 30. After reconciliation, the adjusted balance is $ 3,100. If one deposit in transit amounted to $ 1,200, what was the total of the outstanding checks assuming that no other adjustments would be made to the bank statement?
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