HH 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 QQ May 31 Line Item Description Amount Amount < Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total deductions Adjusted balance
HH 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 QQ May 31 Line Item Description Amount Amount < Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total deductions Adjusted balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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