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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
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 Error by Chesner Co. in recording Check No. 1056 as $940 instead of $490 Note for $11,700 collected by bank, including interest $7,460 $3,580 450 12,170 16,200 *$23,660 $7,590 Deduct: Deposit in transit on August 31 Bank service charges Cash balance according to bank statement 60 7,650 $16,010 a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., using the format shown in the strative problem. Chesner Co. Bank Reconciliation August 31
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