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Using the following information: The bank statement balance is $3,201. The cash account balance is $3,489. Outstanding checks amounted to $534. Deposits in transit are
Using the following information:
- The bank statement balance is $3,201.
- The cash account balance is $3,489.
- Outstanding checks amounted to $534.
- Deposits in transit are $698.
- The bank service charge is $115.
- 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 1Add bank service chargeAdd deposits in transit not recorded by bankAdd error in recording checkDeduct bank service chargeDeduct deposits in transit not recorded by bank - Select -Add error in recording checkAdd outstanding checksDeduct bank service chargeDeduct error in recording checkDeduct outstanding checks - Select -Adjusted balance $fill in the blank 6Cash balance according to company's records $fill in the blank 7Add bank service chargeAdd outstanding checksDeduct bank service chargeDeduct deposits in transit not recorded by bankDeduct outstanding checks$- Select - Add error in recording checkAdd outstanding checksDeduct deposits in transit not recorded by bankDeduct error in recording checkDeduct outstanding checks- Select -- Select -Adjusted balance $fill in the blank 13Step by Step Solution
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