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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
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 $5,390 Adjustments: Outstanding checks $2,590 Error by Chesner Co. in recording Check No. 1056 as $820 instead of $280 540 Note for $8,500 collected by bank, including interest 8,840 Deposit in transit on July 31 (5,490) (70) 6,410 Bank service charges Total adjustments Cash balance according to bank statement $11,800 a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format shown Cash balance according to bank statement Adjustments: Deposit in transit on July 31 Outstanding checks Total adjustments Adjusted balance Chesner Co. Bank Reconciliation Cash balance according to company's records July 31, 2014 11.800 blank blank 5,490 blank 2.590 blank blank 2.900 8.900 X 5.390 Error in recording Check No. 1056 as $820 instead of $280. Note for $8,500 collected by bank, including interest Bank service charges Total adjustments Adjusted balance Feedback Check My Work 540 8.840 blank 70 blank blank 9.450 X 14,040 X a. Set up two sections: one for the company cash account section and the other for the bank balance section. Det
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