Question
Using the following information: a. The bank statement balance is $3,104. b. The cash account balance is $3,216. c. Outstanding checks amounted to $755. d.
Using the following information: a. The bank statement balance is $3,104. b. The cash account balance is $3,216. c. Outstanding checks amounted to $755. d. Deposits in transit are $754. e. The bank service charge is $104, f. A check for $54 for supplies was recorded as $45 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Cash balance according to bank statement Adjustments: Deposits in transit not recorded by bank Outstanding checks - V Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Bank service charge Error in recording Total adjustments Miller Co. Bank Reconciliation August 31 Adjusted balance Feedback 754 755 104 9 3,104 X X 3,104 X
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