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Using the following information: The bank statement balance is $4,690. The cash account balance...

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Accounting

Using the following information:

  1. The bank statement balance is $4,690.
  2. The cash account balance is $5,080.
  3. Outstanding checks amounted to $715.
  4. Deposits in transit are $1,020.
  5. The bank service charge is $40.
  6. A check for $72 for supplies was recorded as $27 in the ledger.

Prepare a bank reconciliation for Miller Co. for August 31.

Miller Co.
Bank Reconciliation
August 31
Cash balance according to bank statement $
Add deposits in transit not recorded by bank
$
Deduct outstanding checks
Adjusted balance $
Cash balance according to company's records $
Deduct bank service charge $
Deduct outstanding checks
Adjusted balance $

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