How do Reformed Protestants interpret Matthew 18:18?

How do Reformed Protestants interpret Matthew 18:18? ------ >Truly, I say to you, whatever you bind on earth shall be bound in heaven, and whatever you loose on earth shall be loosed in heaven. - Matthew 18:18 I am seeking answers from Christians under the Reformed Protestant denomination (e.g. Presbyterian, Calvinists) which upholds onto the 5 solas of the Reformation (*sola fide, sola christus, sola scriptura, sola gratia, sola deo gloria*)