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Using the following information: a. The bank statement balance is $4,145. b. The cash account balance is $4,367. c. Outstanding checks amounted to $824.
Using the following information: a. The bank statement balance is $4,145. b. The cash account balance is $4,367. c. Outstanding checks amounted to $824. d. Deposits in transit are $990. e. The bank service charge is $47. f. A check for $60 for supplies was recorded as $51 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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