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 $8,120 Adjustments: Outstanding checks $3,900 Error by Chesner Co. in recording Check No. 1056 as $940 instead of $490 450 < Note for $12,700 collected by bank, including interest 13,210 Deposit in transit on July 31 (8,270) Bank service charges Total adjustments (60) 9,230 Cash balance according to bank statement $17,350