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Using the following information: a. The bank statement balance is $4,467. b. The cash account balance is $4,656. c. Outstanding checks amounted to $831. d.
Using the following information: a. The bank statement balance is $4,467. b. The cash account balance is $4,656. c. Outstanding checks amounted to $831. d. Deposits in transit are $989. e. The bank service charge is $22. f. A check for $55 for supplies was recorded as $45 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. a 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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