Using the following information, prepare a bank reconciliation for Murack Co.for May 31, 2016:
(a)The bank statement balance is $4,063.
(b)The cash account balance is $3,735.
(c)Outstanding checks amounted to $640.
(d)Deposits in transit are $245.
(e)The bank service charge is $40.
(f)A check for $74 for supplies was recorded on the depositor's books as $47.

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The Answer of Using the following information, prepare a bank reconciliation for Murack Co.for May 31, 2016:
(a)The bank statement balance is $4,063.
(b)The cash account balance is $3,735.
(c)Outstanding checks amounted to $640.
(d)Deposits in transit are $245.
(e)The bank service charge is $40.
(f)A check for $74 for supplies was recorded on the depositor's books as $47.

Using the Following Information, Prepare a Bank Reconciliation for Murack