Question: PROBLEM Using the following information, prepare a bank reconciliation for Shredder Co. for May 31 of the current year: 1. (a) The bank statement balance

PROBLEM Using the following information, prepare a bank reconciliation for Shredder

PROBLEM Using the following information, prepare a bank reconciliation for Shredder Co. for May 31 of the current year: 1. (a) The bank statement balance is $3,012 (b) The cash account balance is $3,165 (c) Outstanding checks amounted to S590 (d) Deposits in transit are $704. (e) The bank service charge is S30. (f) A check for $76 for supplies was recorded as $67 in the ledger. ANS: Shredder Co. Bank Reconciliation May 31. 2019

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