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Using the following information: The bank statement balance is $2,926. The cash account balance is $3,290. Outstanding checks amounted to $673. Deposits in transit are
Using the following information:
- The bank statement balance is $2,926.
- The cash account balance is $3,290.
- Outstanding checks amounted to $673.
- Deposits in transit are $883.
- The bank service charge is $145.
- A check for $34 for supplies was recorded as $25 in the ledger.
Prepare a bank reconciliation for Miller Co. for August 31.
Miller Co. | ||
Bank Reconciliation | ||
August 31 | ||
Cash balance according to bank statement | $ | |
$ | ||
Adjusted balance | $ | |
Cash balance according to company's records | $ | |
$ | ||
Adjusted balance | $ |
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