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

Chesner Co$.$

Bank Reconciliation

August $31$

Cash balance according to company's records $$6,160$

Add: Outstanding checks $$2,960$

Error by Chesner Co$.$ in recording Check

No$.1056$ as $$820$ instead of $$280540$

Note for $$9,700$ collected by bank, including interest $10,09013,590$

$$19,750$

Deduct: Deposit in transit on August $31$ $$6,270$

Bank service charges $306,300$

Cash balance according to bank statement $$13,450$

Question Content Area

a$.$ From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co$.,$ using the format shown in the Exhibit $12.$