Question: Question Content Area Using the following information: The bank statement balance is $3,904. The cash account balance is $3,909. Outstanding checks amount to $710. Deposits
Question Content Area
Using the following information:
- The bank statement balance is $3,904.
- The cash account balance is $3,909.
- Outstanding checks amount to $710.
- Deposits in transit are $651.
- The bank service charge is $55.
- A check for $36 for supplies was recorded as $27 in the ledger.
Prepare a bank reconciliation for Miller Co. for August 31.
| Line Item Description | Amount | Amount |
|---|---|---|
| Cash balance according to bank statement | $Cash balance according to bank statement | |
| Add: Bank service chargeAdd: Deposits in transitAdd: Error in recording checkDeduct: Bank service chargeDeduct: Deposits in transit | - Select - | |
| Add: Bank service chargeAdd: Error in recording checkAdd: Outstanding checksDeduct: Bank service chargeDeduct: Outstanding checks | - Select - | |
| Adjusted balance | $Adjusted balance | |
| Cash balance according to company's records | $Cash balance according to company's records | |
| Add: Bank service chargeAdd: Deposits in transitAdd: Outstanding checksDeduct: Bank service chargeDeduct: Deposits in transit | $- Select - | |
| Add: Deposits in transitAdd: Error in recording checkAdd: Outstanding checksDeduct: Error in recording checkDeduct: Outstanding checks | - Select - | |
| Total deductions | Total deductions | |
| Adjusted balance | $Adjusted balance |
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