Question: journalize the following transactions using the direct write off Using the following information: a. The bank statement balance is $5,055. b. The cash account balance

journalize the following transactions using the direct write off

Using the following information: a. The bank statement balance is $5,055. b. The cash account balance is $5,347 c. Outstanding checks amounted to $711. d. Deposits in transit are $956 e. The bank service charge is $38. $45 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 Adjusted balance Cash balance according to company's records Adjusted balance

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