Using the following information:

(a)	The bank statement balance is $4,690.
(b)	The cash account balance is $5,080.
(c)	Outstanding checks amounted to $715.
(d)	Deposits in transit are $1,020.
(e)	The bank service charge is $40.
(f)	A check for $72 for supplies was recorded as $27 in the ledger.

Required:

Prepare a bank reconciliation for Miller Co. for August 31. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign.

Labels

August 31

Adjustments

Amount Descriptions

Bank service charge

Deposits in transit not recorded by bank

Error in recording

Outstanding checks

Total adjustments

Prepare a bank reconciliation for Miller Co. for August 31. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign.

Miller Co.

Bank Reconciliation

1	Cash balance according to bank statement
2
3
4
5
6	Adjusted balance
7	Cash balance according to companys records
8
9
10
11
12	Adjusted balance