Bank reconciliation

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

$$6,150$

Adjustments:

Outstanding checks

$$2,950$

Error by Chesner Co$.$ in recording Check

No$.1056$ as $$710$ instead of $$170$

Note for $$9,700$ collected by bank, including interest

$540$

$10,090$

Deposit in transit on July $31$

$(6,260)$

Bank service charges

$(50)$

Total adjustments

$[7,270],[$$$13,420]$

Cash balance according to bank statement

$q,$

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 $31,20Y4$

Line Item Description

Cash balance according to bank statement

Add: Note for $$9700$ collected bv bank, includina interest

$10,090$