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17 Using the following information: a. The bank statement balance is $4,341. b. The cash account balance is $4,650. c. Outstanding checks amounted to $672.

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Using the following information: a. The bank statement balance is $4,341. b. The cash account balance is $4,650. c. Outstanding checks amounted to $672. d. Deposits in transit are $904. e. The bank service charge is $68. f. A check for $74 for supplies was recorded as $65 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement 4,341 Adjustments: Deposits in transit not recorded by bank 904 Outstanding checks 672 Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Bank service charge 68 Error in recording check 9 Total adjustments Adjusted balance Previ

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