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Question Content Area Using the following information: The bank statement balance is $3,706. The cash account balance is $4,146. Outstanding checks amounted to $652. Deposits

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Question Content Area

Using the following information:

  1. The bank statement balance is $3,706.
  2. The cash account balance is $4,146.
  3. Outstanding checks amounted to $652.
  4. Deposits in transit are $1,050.
  5. The bank service charge is $33.
  6. A check for $59 for supplies was recorded as $50 in the ledger.

Prepare a bank reconciliation for Candace Co. for May 31.

Using the following information: a. The bank statement balance is $3,706. b. The cash account balance is $4,146. c. Outstanding checks amounted to $652. d. Deposits in transit are $1,050. e. The bank service charge is $33. f. A check for $59 for supplies was recorded as $50 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 Cash balance according to company's records Adjustments: 01 00 Total adjustments Adjusted balance

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