Question
Question Content Area Using the following information: The bank statement balance is $3,559. The cash account balance is $3,643. Outstanding checks amount to $765. Deposits
Question Content Area
Using the following information:
The bank statement balance is $3,559.
The cash account balance is $3,643.
Outstanding checks amount to $765.
Deposits in transit are $693.
The bank service charge is $147.
A check for $45 for supplies was recorded as $36 in the ledger.
Prepare a bank reconciliation for Miller Co. for August 31.
| Line Item Description | Amount | Amount |
|---|---|---|
| Cash balance according to bank statement | $Cash balance according to bank statement | |
| Add: Bank service chargeAdd: Deposits in transitAdd: Error in recording checkDeduct: Bank service chargeDeduct: Deposits in transit | - Select - | |
| Add: Bank service chargeAdd: Error in recording checkAdd: Outstanding checksDeduct: Bank service chargeDeduct: Outstanding checks | - Select - | |
| Adjusted balance | $Adjusted balance | |
| Cash balance according to company's records | $Cash balance according to company's records | |
| 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 | Total deductions | |
| Adjusted balance | $Adjusted balance |
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Accounting And Financial Management For Residential Construction
Authors: Emma Shinn
5th Edition
0867186356, 978-0867186352
