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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:

  1. The bank statement balance is $5,615.
  2. The cash account balance is $5,899.
  3. Outstanding checks amounted to $758.
  4. Deposits in transit are $960.
  5. The bank service charge is $73.
  6. 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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