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Using the following information: a. The bank statement balance is $5,221. b. The cash account balance is $5,626. c. Outstanding checks amounted to $775. d.
Using the following information: a. The bank statement balance is $5,221. b. The cash account balance is $5,626. c. Outstanding checks amounted to $775. d. Deposits in transit are $1,145. e. The bank service charge is $26. f. A check for $45 for supplies was recorded as $36 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 D. 000 Adjusted balance Cash balance according to company's records Adjustments: 9 Total adjustments 0 Adjusted balance
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