Question: Using the following information: a . The bank statement balance is $ 3 , 3 4 9 . b . The cash account balance is

Using the following information:
a. The bank statement balance is $3,349.
b. The cash account balance is $3,674.
c. Outstanding checks amount to $537.
d. Deposits in transit are $795.
e. The bank service charge is $58.
f. A check for $79 for supplies was recorded as $70 in the ledger.
Prepare a bank reconciliation for Miller Co. for August 31.
Miller Co.
Bank Reconciliation
August 31
Line Item Description
Cash balance according to bank statement
Add: Deposits in transit
Deduct: Outstanding chcks
Adjusted balance
Cash balance according to company's records
Total deductions
Adjusted balance
Amount Amount
$
$
?bar()
 Using the following information: a. The bank statement balance is $3,349.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!