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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

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 $6,330
Adjustments:
Outstanding checks $3,040
Error by Chesner Co. in recording Check
No. 1056 as $710 instead of $170 540
Note for $9,900 collected by bank, including interest 10,300
Deposit in transit on July 31 (6,440)
Bank service charges (60)
Total adjustments 7,380
Cash balance according to bank statement $13,710

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 $fill in the blank aabaaff22ffafbc_1
Deduct: Deposit in transit on July 31 fill in the blank aabaaff22ffafbc_3
Add: Bank service charges fill in the blank aabaaff22ffafbc_5
Adjusted balance $fill in the blank aabaaff22ffafbc_6
Cash balance according to company's records $fill in the blank aabaaff22ffafbc_7
$fill in the blank aabaaff22ffafbc_9
fill in the blank aabaaff22ffafbc_11
Total additions fill in the blank aabaaff22ffafbc_12
fill in the blank aabaaff22ffafbc_14
Adjusted balance $fill in the blank aabaaff22ffafbc_15

b. If a balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash? $fill in the blank 5f0e51038fdbff3_1

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