Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation August 31 Cash balance according to company's records Add: Outstanding checks $8,180 $3,930 Error by Chesner Co. in recording Check No. 1056 as $830 instead of $380 450 Note for $12,800 collected by bank, including interest 13,310 17,690 $25,870 Deduct: Deposit in transit on August 31 Bank service charges Cash balance according to bank statement $8,330 30 8,360 $17,510 a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., using the forma Cash balance according to bank statement Add deposit in transit on August 31 Deduct outstanding checks Adjusted balance Chesner Co. Bank Reconciliation August 31 17,510 8,330 X 3,930 X