Using the following information: a. The bank statement balance is $3,205. b. The

Question

Using the following information: a. The bank statement balance is $3,205. b. The cash account balance is $3,392. c. Outstanding checks amounted to $514 d. Deposits in transit are $642. e. The bank service charge is $50. f. A check for $69 for supplies was recorded as $60 in the ledger Prepare a bank reconcillation for Miller Co. for August 31 Miller Co. Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Total adustments Adjusted balance

Explanation / Answer

Bank Reconcilation Cash balance according to bank statement 3,205 Adjustments deposit in transit 642 outstanding checks 514 total adjustments 128 Adjusted balance 3,333 Cash balance according to company's records 3,392 Adjustments: bank service charge 50 error in recording check 9 total adjustments 59 Adjusted balance 3,333

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.