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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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Using the following information:
- The bank statement balance is $3,706.
- The cash account balance is $4,146.
- Outstanding checks amounted to $652.
- Deposits in transit are $1,050.
- The bank service charge is $33.
- 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 balanceStep by Step Solution
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