Calculator Using the following information: a. The bank statement balance is $2,

Question

Calculator Using the following information: a. The bank statement balance is $2,833. b. The cash account balance is $3,268. c. Outstanding checks amounted to $554. d. Deposits in transit are $782. e. The bank service charge is $198. f. A check for $56 for supplies was recorded as $47 in the ledger Prepare a bank reconciliation for Miller Co. for August 31. Miller Co. Bank Reconciliation Au Cash balance according to bank statement Adjusted balance Cash balance according to company's records Adjusted balance All work saved

Explanation / Answer

Miller Co. Bank Reconciliation Statement for August 31 Particulars Amount Amount Balance as per Bank Statement (A) $2,833.00 Add: Deposit but Not recorded in bank $782.00 Wrong recorded of cheque ($ 56 - $ 47) $9.00 Bank charges not taken in the books $198.00 Total of Addition (B) $989.00 Total (C = A + B) $3,822.00 Less: Outstanding Cheques $554.00 D = Total of Deuctible $554.00 Balance as per Book Balance (C+D) $3,268.00

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