Prepare a bank reconciliation for Miller Co. for August 31.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using the following information:
- The bank statement balance is $3,846.
- The cash account balance is $3,885.
- Outstanding checks amounted to $785.
- Deposits in transit are $677.
- The bank service charge is $138.
- A check for $58 for supplies was recorded as $49 in the ledger.
Prepare a bank reconciliation for Miller Co. for August 31.
| Miller Co. Bank Reconciliation August 31 |
||
| Cash balance according to bank statement | $fill in the blank 1 | |
| Adjustments: | ||
| $fill in the blank 3 | ||
| fill in the blank 5 | ||
| Total adjustments | fill in the blank 6 | |
| Adjusted balance | $fill in the blank 7 | |
| Cash balance according to company's records | $fill in the blank 8 | |
| Adjustments: | ||
| $fill in the blank 10 | ||
| fill in the blank 12 | ||
| Total adjustments | fill in the blank 13 | |
| Adjusted balance | $fill in the blank 14 |
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