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Using the following information: a. The bank statement balance is $5,190. b. The cash account balance is $5,435. c. Outstanding checks amounted to $829.
Using the following information: a. The bank statement balance is $5,190. b. The cash account balance is $5,435. c. Outstanding checks amounted to $829. d. Deposits in transit are $988. e. The bank service charge is $77. f. A check for $32 for supplies was recorded as $23 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: 5.190 Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance 100.000 All
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