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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

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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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
Transcribed Image Text: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
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