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Using the following information: The bank statement balance is $5,615. The cash account balance is $5,899. Outstanding checks amounted to $758. Deposits in transit are
Using the following information:
- The bank statement balance is $5,615.
- The cash account balance is $5,899.
- Outstanding checks amounted to $758.
- Deposits in transit are $960.
- The bank service charge is $73.
- A check for $31 for supplies was recorded as $22 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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