Using the following information: The bank statement balance is $3,093.The cash account balance is $3,305.Outstanding checks amounted to $767.Deposits in transit are $815.The bank service charge is $155.A check for $40 for supplies was recorded as $31 in the ledger.Prepare a bank reconciliation for Miller Co. for August 31.Miller Co.Bank ReconciliationAugust 31Cash balance according to bank statement $fill in the blank 1Adjustments: $- Select - - Select - Total adjustments fill in the blank 6Adjusted balance $fill in the blank 7Cash balance according to company's records $fill in the blank 8Adjustments: $- Select - - Select - Total adjustments fill in the blank 13Adjusted balance $fill in the blank 14

Bank reconciliation statement record book which reconcile the balance as per bank books with cash…

Answered: Using the following information: The…

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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Using the following information:

The bank statement balance is $3,093.
The cash account balance is $3,305.
Outstanding checks amounted to $767.
Deposits in transit are $815.
The bank service charge is $155.
A check for $40 for supplies was recorded as $31 in the ledger.

Prepare a bank reconciliation for Miller Co. for August 31.

Miller Co.Bank ReconciliationAugust 31

Cash balance according to bank statement		$fill in the blank 1
Adjustments:
	$- Select -
	- Select -
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:
	$- Select -
	- Select -
Total adjustments		fill in the blank 13
Adjusted balance		$fill in the blank 14

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