An accounting clerk for Chesner Co. prepared the following bank reconciliation:

a. From the data in the above bank reconciliation, prepare a new bank reconciliation for Chesner Co., using the format shown in the illustrative problem.
b. If a balance sheet were prepared for Chesner Co. on July 31, 2014, what amount should be reported forcash?

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Chesner Co. Bank Reconciliation July 31, 2014 $11,100 Error by Chesner Co. in recording Check Note for $12,000 collected by bank, including interest2480 16,425 $27,525 25 7225 $20,300 Cash balance according to bank statement.......... . .