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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 $8,000
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 $8,000 Adjustments Outstanding checks $3,840 Error by Chesner Co. in recording Check No. 1056 as $830 instead of $380 Note for $12,600 collected by bank, including interest Deposit in transit on July 31 Bank service charges 450 13,100 (8,140) (30) Total adjustments 9,220 Cash balance according to bank statement $17,220 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 Chesner Co. Bank Reconciliation 31, 20Y4 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Total adjustments Adjusted balance Cash balance according to company's records Total adjustments Adjusted balance b. If a balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash
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