Business, 19.07.2021 16:10 Jordan0423

Using the following information: (a) The bank statement balance is $4,690.
(b) The cash account balance is $5,080.
(c) Outstanding checks amounted to $715.
(d) Deposits in transit are $1,020.
(e) The bank service charge is $40.
(f) A check for $72 for supplies was recorded as $27 in the ledger.
Required:
Prepare a bank reconciliation for Miller Co. for August 31. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign.
Labels
August 31
Adjustments
Amount Descriptions
Bank service charge
Deposits in transit not recorded by bank
Error in recording
Outstanding checks
Total adjustments
Prepare a bank reconciliation for Miller Co. for August 31. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Negative amounts should be entered with a minus sign.
Miller Co.
Bank Reconciliation
1 Cash balance according to bank statement
2
3
4
5
6 Adjusted balance
7 Cash balance according to companyâs records
8
9
10
11
12 Adjusted balance

Answers: 3

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Using the following information: (a) The bank statement balance is $4,690.
(b) The cash accou...

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