Chesner Co.
Bank Reconciliation
July 31, 20Y4
Cash balance according to company's records			$8,380
Adjustments:
Outstanding checks	$4,020
Error by Chesner Co. in recording Check
No. 1056 as $820 instead of $280	540
Note for $13,200 collected by bank, including interest	13,730
Deposit in transit on July 31	(8,530)
Bank service charges	(40)
Total adjustments			9,720
Cash balance according to bank statement			$18,100

Question Content Area

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
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Adjusted balance		$
Cash balance according to company's records		$
FILL IN	$
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Total additions
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Adjusted balance		$

Question Content Area

b. If a balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash?