4th - Ch 7 Quiz a. The bank statement balance is $5,255. b. The cash account balance is $5,587. c. Outstanding checks amounted to $610. d. Deposits in transit are $906. e. The bank service charge is $27. f. A check for $65 for supplies was recorded as $56 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 Adjustments: 000 00 Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance Pre