Question: Using the following information: a. The bank statement balance is $4,028. b. The cash account balance is $4,397 c. Outstanding checks amounted to $811. d.
Using the following information: a. The bank statement balance is $4,028. b. The cash account balance is $4,397 c. Outstanding checks amounted to $811. d. Deposits in transit are $1,143. e. The bank service charge is $28. f. A check for $36 for supplies was recorded as $27 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 Adjusted balance All work saved
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