An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $7,290 Adjustments: Outstanding checks $3,500 Error by Chesner Co. in recording Check 540 No. 1056 as $820 instead of $280 11,860 Note for $11,400 collected by bank, including interest Deposit in transit on July 31 (7,420) (60) Bank service charges 8,420 Total adjustments $15,710 Cash balance according to bank statement 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. Chesner Co. Bank Reconciliation July 31, 20Y4 15,710 Cash balance according to bank statement 7420 Add: Deposit in transit on July 31 Deduct: Outstanding checks Adjusted balance 7290 Cash balance according to company's records Add: Error in recording Check No. 1056 as S870 instead of $280 Add: Note for $11.400 collected by bank, including interest 12400 Total additions Deduct: Bank service charges Adjusted balane Feedback b. Ta balance sheel were prepared for Chesner Co. on Juy 31, 20Y4, what amount should be reported for Cash?