Question: Question Content Area Using the following information: The bank statement balance is $4,333. The cash account balance is $4,601. Outstanding checks amounted to $834. Deposits
Question Content Area
Using the following information:
- The bank statement balance is $4,333.
- The cash account balance is $4,601.
- Outstanding checks amounted to $834.
- Deposits in transit are $1,021.
- The bank service charge is $72.
- A check for $37 for supplies was recorded as $28 in the ledger.
Prepare a bank reconciliation for Candace Co. for May 31.
| Cash balance according to bank statement | $fill in the blank 1 | |
| Adjustments: | ||
| Bank service chargeDeposits in transit not recorded by bankError in recording check | $- Select - | |
| Bank service chargeError in recording checkOutstanding checks | - Select - | |
| Total adjustments | fill in the blank 6 | |
| Adjusted balance | $fill in the blank 7 | |
| Cash balance according to company's records | $fill in the blank 8 | |
| Adjustments: | ||
| Bank service chargeDeposits in transit not recorded by bankOutstanding checks | $- Select - | |
| Deposits in transit not recorded by bankError in recording checkOutstanding checks | - Select - | |
| Total adjustments | fill in the blank 13 | |
| Adjusted balance | $fill in the blank 14 |
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