Use the following information: The bank statement balance is $4,690. The cash account balance is $5,080. Outstanding checks amounted to $715. Deposits in transit are $1,020. The bank service charge is $40. A check for $72 for supplies was recorded as $27 in the ledger.

Prepare a bank reconciliation for Young Co. for August 31, 2014.

Young Co.
Bank Reconciliation
August 31, 2014
Cash balance according to bank statement				$
				$
Adjusted balance				$
Cash balance according to company's records				$
		$
Adjusted balance				$