Using the following information: a. The bank statement balance is $4,690. b. The cash account balance is $5,080. c. Outstanding checks amounted to $715. d. Deposits in transit are $1,020. e. The bank service charge is $40. f. 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 Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments:
Using the following information: a. The bank statement balance is $4,690. b. The cash account balance is $5,080. c. Outstanding checks amounted to $715. d. Deposits in transit are $1,020. e. The bank service charge is $40. f. 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 Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments:
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
Related questions
Question
![Using the following information:
a. The bank statement balance is $4,690.
b. The cash account balance is $5,080.
c. Outstanding checks amounted to $715.
d. Deposits in transit are $1,020.
e. The bank service charge is $40.
f. 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
Adjustments:
Total adjustments
Adjusted balance
Cash balance according to company's records
Adjustments:
Total adjustments
Adjusted balance](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0e771853-3bab-4759-bace-ccd9c0e43697%2F58e193f0-bfcb-43c9-bb75-a9844ff064e6%2Fnoy2r6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the following information:
a. The bank statement balance is $4,690.
b. The cash account balance is $5,080.
c. Outstanding checks amounted to $715.
d. Deposits in transit are $1,020.
e. The bank service charge is $40.
f. 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
Adjustments:
Total adjustments
Adjusted balance
Cash balance according to company's records
Adjustments:
Total adjustments
Adjusted balance
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337272124/9781337272124_smallCoverImage.gif)
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337272124/9781337272124_smallCoverImage.gif)
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub