Using the following information, prepare a bank reconciliation for Murack Co. for May 31, 2016: a. The bank statement balance is $4,063. b. The cash account balance is $3,735. c. Outstanding checks amounted to $640. d. Deposits in transit are $245. e. The bank service charge is $40. f. A check for $74 for supplies was recorded on the depositor's books as $47. Prepare a bank reconciliation for Murack Co. for May 31, 2016. $ 4,063 245 $ 4,308 Murack Co. Bank Reconciliation May 31, 2016 Cash balance according to bank statement Add: Deposits in transit not recorded by bank Total Deduct: Outstanding checks Adjusted balance Cash balance according to Murack Co. Deduct: Bank service charge Error in recording Adjusted balance $