Question: answer the question 1. In preparing its bank reconciliation, Ram Company had the following information available at December 31, 2019. Balance per bank statement 380,

answer the question

answer the question 1. In preparing its bank reconciliation, Ram Company had

1. In preparing its bank reconciliation, Ram Company had the following information available at December 31, 2019. Balance per bank statement 380, 750 Deposit in transit 52,000 Outstanding checks 65,000 Amount erroneously debited Bank to Ram Company's account 3,000 Bank Service charge for December 750 NSF checks deposited in November but returned by the bank in December 5,000 Check drawn, dated and recorded December 31, 2019 but not mailed until January 10, 2020 (included in the total outstanding checks above) 8,000 Check of Jay Company credited by bank to the account of Ram Company 5,000 Deposit of 12/23/2019 omitted by the bank to credit to Ram Company 7,000 Erroneous debit memo of 12/21/2019 to charge company's account with settlement of bank loan which was paid by check #1022 on same date 5,000 Deposit of Ram Company on 12/07/2019 erroneously credited in the company's account 19,000 What is the amount of cash in bank balance of Ram's Company

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