Using the following information: a. The bank statement balance is $4,881. b. The cash account balance is $5,400. c. Outstanding checks amounted to $645. d. Deposits in transit are $1,100. e. The bank service charge is $55. f. A check for $56 for supplies was recorded as $47 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31.

Using the following information: a. The bank statement balance is $4,881. b. The cash account balance is $5,400. c. Outstanding checks amounted to $645. d. Deposits in transit are $1,100. e. The bank service charge is $55. f. A check for $56 for supplies was recorded as $47 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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