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Bank Reconciliation $4,960 An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 2014 Cash balance according to
Bank Reconciliation $4,960 An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 2014 Cash balance according to company's records Adjustments: Outstanding checks $2,380 Error by Chesner Co. In recording Check No. 1056 as $940 instead of $490 Note for $7,800 collected by bank, including interest 8,110 Deposit in transit on July 31 (5,050) Bank service charges (60) Total adjustments Cash balance according to bank statement 450 5,830 $10,790 a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format shown in which you must enter subtracted or negative numbers use a minus sign. Chesner Co. Bank Reconciliation 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 sect 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 Chesner Co. on July 3, 2014, What amount should be reported for cash
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