Question: Using the following information: a. The bank statement balance is $4,208. b. The cash account balance is $4,440. c. Outstanding checks amounted to $775.

Using the following information: a. The bank statement balance is $4,208. b. The cash account balance is $4,440. c. Outstanding checks amounted to $775. d. Deposits in transit are $945. e. The bank service charge is $53. f. A check for $54 for supplies was recorded as $45 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 Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments 000 Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement Adjustments: SA 000 A Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adjustments Adjusted balance 100

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