a.From the bank reconciliation data, prepare the new bank reconciliation for Westwind Co., using the format shown inExhibit 10

Westwind Co.Bank ReconciliationAugust 31, 20Y6Cash balance according to bank statement$Add deposit in transit on August 31

$Deduct outstanding checks

Adjusted balance$Cash balance according to company's records$Add error in recording Check No. 01-115 as $940 instead of $490

$

$

Adjusted balance$

b.If a balance sheet were prepared for Westwind Co. on August 31, 20Y6, what amount should be reported for cash?

$