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a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format shown in the Let's Review section.
a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format shown in the Let's Review section. For those boxes in which you must enter subtracted or negative numbers use a minus sign. b. If a balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash? Add: Deposit in transit on July 31 Deduct: Deposit in transit on July 31 Add: Error in recording Check No. 1056 as $710 instead of $170 Deduct: Error in recording Check No. 1056 as $710 instead of $170 Add: Note for $9800 collected by bank, including interest Deduct: Note for $9800 collected by bank, including interest
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