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.

Miller Co. Bank Reconciliation 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