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Using the following information: a. The bank statement balance is $5,068. b. The cash account balance is $5,490. c. Outstanding checks amounted to $714. d.

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Using the following information: a. The bank statement balance is $5,068. b. The cash account balance is $5,490. c. Outstanding checks amounted to $714. d. Deposits in transit are $1,100. e. The bank service charge is $27. f. A check for $78 for supplies was recorded as $69 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: 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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