Bank Reconciliation

An accounting clerk for Chesner Co. prepared the following bank reconciliation:

Chesner Co.
Bank Reconciliation
July 31, 20Y4
Cash balance according to company's records			$6,170
Adjustments:
Outstanding checks	$2,960
Error by Chesner Co. in recording Check
No. 1056 as $710 instead of $170	540
Note for $9,700 collected by bank, including interest	10,090
Deposit in transit on July 31	(6,280)
Bank service charges	(30)
Total adjustments			7,280
Cash balance according to bank statement			$13,450

a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format shown in the Lets Review section. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Chesner Co.
Bank Reconciliation
July 31, 20Y4
Cash balance according to bank statement		$
Add: Deposit in transit on July 31
Deduct: Outstanding checks
Adjusted balance		$
Cash balance according to company's records		$
Add: Error in recording Check No. 1056 as $710 instead of $170	$
Add: Note for $9,700 collected by bank, including interest
Total additions
Deduct: Bank service charges
Adjusted balance		$

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b. If a balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash? $