Question
Using the following information: The bank statement balance is $4,690. The cash account balance is $5,080. Outstanding checks amounted to $715. Deposits in transit are
Using the following information:
The bank statement balance is $4,690.
The cash account balance is $5,080.
Outstanding checks amounted to $715.
Deposits in transit are $1,020.
The bank service charge is $40.
A check for $72 for supplies was recorded as $27 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 | $ | |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Linking Auditing And Meta Evaluation Enhancing Quality In Applied Research
Authors: Thomas A. Schwandt, Edward S. Halpern
1st Edition
0803929684, 978-0803929685
