Bank Reconciliation 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 $18,520 Adjustments: Outstanding checks $4,780 Error by Chesner Co. in recording Check No. 1056 as $875 instead of $785 90 Note for $15,000 collected by bank, including interest 15,600 Deposit in transit on July 31 (11,300) Bank service charges Total adjustments 9,125 Cash balance according to bank statement $27,645 (45) a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesne 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 Chesner Co. on July 31, 20Y4, what amount should be reported for cash? 8 more Check My Work uses remaining