Using the following information: 1. The bank statement balance is $4,049. 2. The cash account balance...
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Using the following information: 1. The bank statement balance is $4,049. 2. The cash account balance is $4,348. 3. Outstanding checks amounted to $855. 4. Deposits in transit are $1,073. 5. The bank service charge is $72. 6. A check for $70 for supplies was recorded as $61 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 $4 Adjusted balance Cash balance according to company's records Adjusted balance %24 %24 Using the following information: 1. The bank statement balance is $4,049. 2. The cash account balance is $4,348. 3. Outstanding checks amounted to $855. 4. Deposits in transit are $1,073. 5. The bank service charge is $72. 6. A check for $70 for supplies was recorded as $61 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 $4 Adjusted balance Cash balance according to company's records Adjusted balance %24 %24
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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