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 $6,780

Adjustments:

Outstanding checks $3,250

Error by Chesner Co. in recording Check

No. 1056 as $710 instead of $170 540

Note for $10,600 collected by bank, including interest 11,020

Deposit in transit on July 31 (6,900)

Bank service charges (60)

Total adjustments 7,850

Cash balance according to bank statement $14,630

Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y Cash balance according to company's records $6,780 Adjustments: Outstanding checks $3,250 Error by Chesner Co. in recording Check No. 1056 as $710 instead of $170 540 Note for $10,600 collected by bank, including interes Deposit in transit on July 31 (6,900) Bank service charges (60) Total adjustments 7,850 Cash balance accounting to bank statement 14,630 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, 2044 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Total additions Adjusted balance