Question: Question Content Area Using the following information: The bank statement balance is $ 5 , 0 6 5 . The cash account balance is $

Question Content Area
Using the following information:
The bank statement balance is $5,065.
The cash account balance is $5,459.
Outstanding checks amounted to $866.
Deposits in transit are $1,191.
The bank service charge is $60.
A check for $34 for supplies was recorded as $25 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 $fill in the blank 1
Adjustments:
$- Select -
- 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:
$- Select -
- Select -
Total adjustments fill in the blank 13
Adjusted balance $fill in the blank 14

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