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Using the following information: 1. The bank statement balance is $4,136. 2. The cash account balance is $4,444. 3. Outstanding checks amounted to $875.

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Using the following information: 1. The bank statement balance is $4,136. 2. The cash account balance is $4,444. 3. Outstanding checks amounted to $875. 4. Deposits in transit are $1,129. 5. The bank service charge is $45. 6. A check for $71 for supplies was recorded as $62 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 Adjusted balance Cash balance according to company's records Adjusted balance

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