Using the following information:

a. The bank statement balance is $2,936.

b. The cash account balance is $3,194

c. Outstanding checks amounted to $465.

d. Deposits in transit are $655.

e. The banks service charge is $50.

f. A check for $97 for supplies was recorded as $79 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 %24 %24 %24