Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer all them thanks Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: $5,180 $2,490 Chesner Co. Bank Reconciliation July 31,

image text in transcribedanswer all them thanks
image text in transcribed
Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: $5,180 $2,490 Chesner Co. Bank Reconciliation July 31, 2014 Cash balance according to company's records Adjustments: Outstanding checks Error by Chesner Co. In recording Check No. 1056 as $710 instead of $170 Note for $8,100 collected by bank, including interest Deposit in transit on July 31 Bank service charges Total adjustments Cash balance according to bank statement 540 8,420 (5,270) (50) 6,130 $11,310 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, 2014 Cash balance according to bank statement Previous Next Check My Work 3 more Check My Work uses romaining. Save and Exit Submit Assignment for Grading MacBook Pro Q sojustments Cash balance according to bank statement 6,130 $11,310 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, 2014 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total additions Adjusted balance b. If a balance sheet were prepared for Chester Co. on July 31, 2014, what amount should be reported for cash?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Managerial Accounting For Manager

Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison

6th Edition

1265118434, 9781265118433

More Books

Students also viewed these Accounting questions

Question

List the four parts of the self-motivation model.

Answered: 1 week ago

Question

Identify the four parts of the model for writing objectives.

Answered: 1 week ago