Bank Reconciliation An accounting clerk for Westwind Co. prepared the following bank reconciliation: WESTWIND CO. Bank Reconciliation August 31, 2016 Cash balance according to company's records $5,580 Add: Outstanding checks $2,680 Error by Westwind Co. in recording Check No. 01-115 as $940 instead of $490 450 Note for $8,800 collected by bank, including interest 9,150 12,280 17,860 Deduct: Deposit in transit on August 31 5,680 Bank service charges 40 5.720 Cash balance according to bank statement 12,240 a. From the bank reconciliation data, prepare a new bank reconciliation for Westwind Co., using the format shown in Exhibit 10. Westwind Co. Bank Reconciliation August 31, 2016 Cash balance according to bank statement Add: Deposit in transit on May 31 12,220 5.680 17,900 2,680 15,220 Deduct: Outstanding checks Adjusted balance Cash balance according to company's records Add: Error in recording Check No. 01-115 as $940 instead of $490 Add: Note for $8,800 collected by bank, including interest 5,580 450 Deduct: Bank service charges Adjusted balance b. If a balance sheet were prepared for Westwind Co. on August 31, 2016, what amount should be reported for cash