Using the following information: 1. The bank statement balance is $3,945. 2. The cash account balance is $4,194. 3. Outstanding checks amounted to $888. 4. Deposits in transit are $1,048. 5. The bank service charge is $80. 6. 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 Add deposits in transit not recorded by bank Deduct outstanding checks 3,945 Adjusted balance Cash balance according to company's records Deduct bank service charge Deduct error in recording check $ Adjusted balance