Question
Question Content Area Using the following information: The bank statement balance is $3,600. The cash account balance is $3,623. Outstanding checks amount to $756. Deposits
Question Content Area
Using the following information:
- The bank statement balance is $3,600.
- The cash account balance is $3,623.
- Outstanding checks amount to $756.
- Deposits in transit are $625.
- The bank service charge is $145.
- A check for $42 for supplies was recorded as $33 in the ledger.
Prepare a bank reconciliation for Miller Co. for August 31.
Cash balance according to bank statement | $fill in the blank 1 | |
Add: Bank service chargeAdd: Deposits in transitAdd: Error in recording checkDeduct: Bank service chargeDeduct: Deposits in transit | ||
Add: Bank service chargeAdd: Error in recording checkAdd: Outstanding checksDeduct: Bank service chargeDeduct: Outstanding checks | - Select - | |
Adjusted balance | $fill in the blank 6 | |
Cash balance according to company's records | $fill in the blank 7 | |
Add: Bank service chargeAdd: Deposits in transitAdd: Outstanding checksDeduct: Bank service chargeDeduct: Deposits in transit | $- Select - | |
Add: Deposits in transitAdd: Error in recording checkAdd: Outstanding checksDeduct: Error in recording checkDeduct: Outstanding checks | - Select - | |
Total deductions | fill in the blank 12 | |
Adjusted balance | $fill in the blank 13 |
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