Bank Reconciliation An accounting clerk for Muskegon Co. prepared the following bank reconciliation: Muskegon Co. Bank Reconciliation May 31, 2016 Cash balance according to company's records $6,910 Add: Outstanding checks $3,320 Error by Muskegon Co. in recording Check No. 2219 as $710 instead of $170 540 Note for $10,800 collected by bank, including interest 11,230 15,090 $22,000 $7,030 Deduct: Deposit in transit on May 31 30 7,060 Bank service charges $14,940 Cash balance according to bank statement data in this bank reconciliation, prepare a new bank reconciliation for Muskegon Co, using the format shown in the illu Muskegon Co Bank Reconciliation May 31, 2016 a. From the data in this bank reconcillation, prepare a new bank reconciliation for Muskegon Co., using the format shown in the illustrative problem. Muskegon Co. Bank Reconciliation May 31, 2016 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Adjusted balance Cash balance according to company's records Adjusted balance b. If a balance sheet were prepared for Muskegon Co. on May 31, 2016, what amount should be reported for cash