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Using the following information: a. The bank statement balance is $3,771. b. The cash account balance is $4,000. c. Outstanding checks amounted to $850. d.

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Using the following information: a. The bank statement balance is $3,771. b. The cash account balance is $4,000. c. Outstanding checks amounted to $850. d. Deposits in transit are $1,028. e. The bank service charge is $42. f. A check for $31 for supplies was recorded as $22 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: Total adjustments Adjusted balance

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