Using the following information:

Prepare a bank reconciliation for Candace Co. for May 31.

Candace Co.
Bank Reconciliation
May 31
Cash balance according to bank statement		$
		$
Adjusted balance		$
Cash balance according to company's records		$
	$
Adjusted balance		$

1. The bank statement balance is $4,248.
2. The cash account balance is $4,695.
3. Outstanding checks amounted to $730.
4. Deposits in transit are $1,111.
5. The bank service charge is $57.
6. A check for $34 for supplies was recorded as $25 in the ledger.