Calculator Bank Recondiliation The following data were accumulated for use in recondiling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $18,900. 2. Cash balance according to the bank statement at July 31, $20,060. 3. Checks outstanding, $3,840. 4. Deposit in transit, not recorded by bank, $3,080. 5. A check for $270 in payment of an account was erroneously recorded in the check register as $720. 6. Bank debit memo for service charges, $50. a. Prepare a bank recondiliation, using the format shown in Exhibit 14. Mathers Co. Bank Reconciliation July 31 Cash balance according to bank statement Adjusted balance Cash balance according to company's records $ Adjusted balance b. If the balance sheet is prepared for Mathers Co, on July 31, what amount should be reported for cash? DELL