Bank Racondliation uly 31, 20Y Cash balence according to company's recordt Adjustments $6,790 Outstanding checks Error by Chesner Co. in recording Check $3,260 No. 1056 as $820 Instend of $280 Note for $10,700 collected by bank, including interest Deposit in tronsit on July 31 Bank service charges 940 11,130 (6,910) (70) Total adjustments 7,950 Cash balance according to bank statement $14,740 a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format show Chesner Co. Bank Reconciliation uly 31, 20Y4 Cash balance according to bank statement Adjustments Deposit in transit on July 31 14.740 6,910 Bank Recondliation Duy 31, 20Y4 Cash balance according to bank statement Adjustments Deposit in transit on July 31 Outstanding checks 6,910 3,260 Total adjustments Adjusted balance Cash balance according to company's records Error in recording Check No. 1056 as $820 Instead of $280 3,650 11,090 6.790 540 70 11,130 Note for $10700 collected by bank, including Interest Total adjustments Adjusted balance 11,600 b. Ir a balance sheet were prepared tor Chesner co, on July 31, 20Y4, what amount shouid be reported for cashi