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Using the following information: The bank statement balance is $2,855. The cash account balance is $3,048. Outstanding checks amounted to $521. Deposits in transit are
Using the following information: The bank statement balance is $2,855. The cash account balance is $3,048. Outstanding checks amounted to $521. Deposits in transit are $628. The bank service charge is $77. A check for $64 for supplies was recorded as $55 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31.
Cash balance according to bank statement | $fill in the blank 1 | |
Adjustments: | ||
Bank service chargeDeposits in transit not recorded by bankError in recording | $- Select - | |
Bank service chargeError in recordingOutstanding checks | - Select - | |
Total adjustments | fill in the blank 6 | |
Adjusted balance | $fill in the blank 7 | |
Cash balance according to company's records | $fill in the blank 8 | |
Adjustments: | ||
Bank service chargeDeposits in transit not recorded by bankOutstanding checks | $- Select - | |
Deposits in transit not recorded by bankError in recordingOutstanding checks | - Select - | |
Total adjustments | fill in the blank 13 | |
Adjusted balance | $fill in the blank 14 |
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