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Using the following information, prepare a bank reconciliation for Candace Co. for May 31: (a) The bank statement balance is $2,936. (b) The cash account
Using the following information, prepare a bank reconciliation for Candace Co. for May 31:
(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 bank service charge is $50. |
(f) | A check for $97 for supplies was recorded as $79 in the ledger. |
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