Using the following information: 1. The bank statement balance is $3,322. 2. The cash account balance is $3,424. 3. Outstanding checks amounted to $693. 4. Deposits in transit are $735. 5. The bank service charge is $51. 6. A check for $75 for supplies was recorded as $66 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 O Cash balance according to bank statement Add bank service charge Add error in recording check Add outstanding checks Deduct bank service charge Deduct error in recording check Deduct outstanding checks Adjusted balance any's records -51 -9 S S 3,322 735 -693 3,364 3,424 -60 3,364

Using the following information: 1. The bank statement balance is $3,322. 2. The cash account balance is $3,424. 3. Outstanding checks amounted to $693. 4. Deposits in transit are $735. 5. The bank service charge is $51. 6. A check for $75 for supplies was recorded as $66 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation August 31 O Cash balance according to bank statement Add bank service charge Add error in recording check Add outstanding checks Deduct bank service charge Deduct error in recording check Deduct outstanding checks Adjusted balance any's records -51 -9 S S 3,322 735 -693 3,364 3,424 -60 3,364

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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