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Sunshine Retail provides the following bank statement and cash account information for January 2023: Bank Statement (January 2023) Description Amount ($) Beginning Balance $10,000 Deposits

Sunshine Retail provides the following bank statement and cash account information for January 2023:

Bank Statement (January 2023)

Description

Amount ($)

Beginning Balance

$10,000

Deposits

$15,000

Withdrawals

($7,000)

Bank Service Charges

($50)

Ending Balance

$17,950

Cash Account (January 2023)

Description

Amount ($)

Beginning Balance

$12,000

Deposit in Transit

$5,000

Outstanding Checks

$3,000

Bank Service Charges

($50)

Ending Balance

?

Prepare a bank reconciliation statement for Sunshine Retail's cash account as of January 31, 2023.

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