In: Accounting
Using the following information:
Prepare a bank reconciliation for Miller Co. for August 31.
Miller Co. Bank Reconciliation August 31 |
||
Cash balance according to bank statement | $ | |
Adjustments: | ||
Deposits in transit not recorded by bank | $ | |
Outstanding checks | ||
Total adjustments | ||
Adjusted balance | $ | |
Cash balance according to company's records | $ | |
Adjustments: | ||
Deposits in transit not recorded by bank | $ | |
Error in recording | ||
Total adjustments | ||
Adjusted balance | $ |
Miller Co. | |||
Bank Reconciliation | |||
Aug-31 | |||
Cash balance according to bank statement | 3,370 | ||
Adjustments: | |||
Deposits in transit not recorded by bank | 632 | ||
Outstanding checks | (578) | ||
Total adjustments | 54 | ||
Adjusted balance | 3,424 | ||
Cash balance according to company's records | 3,527 | ||
Adjustments: | |||
Bank Service Charge | (94) | ||
Error in recording | (9) | ||
Total adjustments | (103) | ||
Adjusted balance | 3,424 | ||