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From the following particulars of Purple New Co., (a) The bank statement balance is $4,000....

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Accounting

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From the following particulars of Purple New Co., (a) The bank statement balance is $4,000. (b) The cash account balance is $3,950. (c) Outstanding checks amounted to $960. (d) Deposits in transit are $900. (e) The bank service charge is $75. (f) Interest added to the checking account by the bank is $150. (g) A check drawn for $65 was incorrectly charged by the bank as $150. Prepare the bank reconciliation statement as of May 31, 20Y8. 1 more Check My Work uses remaining. Cash balance according to bank statement Add: Deposits in transit not recorded by Add: Error in check amount Add: Outstanding checks Deduct: Deposits in transit not recorded b Deduct: Outstanding checks Adjusted balance Purple New Co. Bank Reconciliation May 31, 20 Y 8 Cash balance according to bank statement Adjusted balance Cash balance according to Purple New Co. Adjusted balance

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