Question
Using the following information: a. The bank statement balance is $5,700. b. The cash account balance is $5,970. c. Outstanding checks amounted to $816.
Using the following information: a. The bank statement balance is $5,700. b. The cash account balance is $5,970. c. Outstanding checks amounted to $816. d. Deposits in transit are $1,018. e. The bank service charge is $59. f. A check for $52 for supplies was recorded as $43 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 000
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