Question
Using the following information: The bank statement balance is $3,976. The cash account balance is $4,383. Outstanding checks amounted to $816. Deposits in transit are
Using the following information: The bank statement balance is $3,976. The cash account balance is $4,383. Outstanding checks amounted to $816. Deposits in transit are $1,191. The bank service charge is $23. A check for $34 for supplies was recorded as $25 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31
Cash balance according to bank statement $
Adjustments: $
Total adjustments Adjusted balance $
Cash balance according to company's records $
Adjustments: $
Total adjustments Adjusted balance $
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