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Using the following information: a. The bank statement balance is $3,349. b. The cash account balance is $3,674. c. Outstanding checks amount to $537. d. Deposits in transit are $795. e. The bank service charge is $58. f. A check for $79 for supplies was recorded as $70 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation Line Item Description August 31 Amount Amount Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total deductions Adjusted balance

Using the following information: a. The bank statement balance is $3,349. b. The cash account balance is $3,674. c. Outstanding checks amount to $537. d. Deposits in transit are $795. e. The bank service charge is $58. f. A check for $79 for supplies was recorded as $70 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation Line Item Description August 31 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 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Using the following information: a. The bank statement balance is $3,349. b. The cash account balance is $3,674. c. Outstanding checks amount to $537. d. Deposits in transit are $795. e. The bank service charge is $58. f. A check for $79 for supplies was recorded as $70 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation Line Item Description August 31 Amount Amount Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total deductions Adjusted balance
Transcribed Image Text:Using the following information: a. The bank statement balance is $3,349. b. The cash account balance is $3,674. c. Outstanding checks amount to $537. d. Deposits in transit are $795. e. The bank service charge is $58. f. A check for $79 for supplies was recorded as $70 in the ledger. Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation Line Item Description August 31 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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