Using the following information: The bank statement balance is $3,744. The cash account balance is $4,309. Outstanding checks amounted to $602. Deposits in transit are $1,092. The bank service charge is $66. A check for $70 for supplies was recorded as $61 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   $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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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.