Using the following information:

The bank statement balance is $5,550.

The cash account balance is $5,720.

Outstanding checks amounted to $875.

Deposits in transit are $1,002.

The bank service charge is $34.

A check for $43 for supplies was recorded as $34 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:

Deposits in transit not recorded by bank $

Outstanding checks

Total adjustments

Adjusted balance$

Cash balance according to company's records$

Adjustments:

Bank service charge $

Error in recording check

Total adjustments

Adjusted balance