Question: Using the following information: a . The bank statement balance is $ 4 , 7 9 9 . b . The cash account balance is

Using the following information:
a. The bank statement balance is $4,799.
b. The cash account balance is $5,186.
c. Outstanding checks amount to $744.
d. Deposits in transit are $1,076.
e. The bank service charge is $46.
f. A check for $59 for supplies was recorded as $50 in the ledger.
Prepare a bank reconciliation for Candace Co. for May 31.
Candace Co.
Bank Reconciliation
May 31
Line Item Description
Cash balance according to bank statement
Adjusted balance
Cash balance according to company's records
Total deductions
Adjusted balance
Amount Amount
$
 Using the following information: a. The bank statement balance is $4,799.

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