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a. The bank statement balance is $2,936. b. The cash account balance is $3,194. c. Outstanding checks amounted to $465. d. Deposits in transit are
a. The bank statement balance is $2,936. b. The cash account balance is $3,194. c. Outstanding checks amounted to $465. d. Deposits in transit are $655. e. The bank service charge is $50. f. A check for $97 for supplies was recorded as $79 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: $ Total adjustments Adjusted balance OOO Cash balance according to company's records Adjustments: $ Total adjustments Adjusted balance
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