Using the following information:

The bank statement balance is $$5,048.$

The cash account balance is $$5,692.$

Outstanding checks amount to $$609.$

Deposits in transit are $$1,165.$

The bank service charge is $$79.$

A check for $$51$ for supplies was recorded as $$42$ in the ledger.

Prepare a bank reconciliation for Candace Co$.$ for May $31.$

Candace Co$.$

Bank Reconciliation

May $31$

Line Item Description Amount Amount

Cash balance according to bank statement $Cash balance according to bank statement

$-$ Select $-$

$-$ Select $-$

Adjusted balance $Adjusted balance

Cash balance according to company's records $Cash balance according to company's records

$$-$ Select $-$

$-$ Select $-$

Total deductions Total deductions

Adjusted balance $Adjusted balance