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 Adjustments: Outstanding checks $3,220 $6,710 Error by Chesner Co. In recording Check No. 1056 as $830 instead of $380 450 Note for $10,500 collected by bank, including interest 10,920 Deposit in transit on July 31 (6,830) Bank service charges (70) Total adjustments Cash balance according to bank statement 7,690 $14,400 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, 2014 Cash balance according to bank statement