eBook Show Me How Calculator Bank Reconciliation An accounting dlerk for Chesner Co. prepared the following bank reconailiation Chesner Co. Bank Reconciliation August 31 Cash balance according to company's records $11,100 Add: Outstanding checks $3,585 Error by Chesner Co. in recording Check No. 1056 as $950 instead of $590 360 Note for $12,000 collected by bank, including interest 12,48016,425 $27,525 Deduct: Deposit in transit on August 31 $7,200 Bank service charges 25 7,225 Cash balance according to bank statement $20,300 a. From the data in this bank reconcillation, prepare a new bank reconciliation for Chesner Co., using the format shown in the illustrative problem. Chesner Co. Bank Reconciliation August 31 Cash balance according to bank statement s 20.300 v Check My Work Previous $27,525 Deduct: Deposit in transit on August 31 $7,200 Bank service charges 25 7,225 Cash balance according to bank statement $20,300 a. From the data in this bank reconcdiliation, prepare a new bank reconciliation for Chesner Co., using the format shown in Chesner Co. Bank Reconciliation 20,300 V 7.200 V 3,585 Add deposit in transit on August 31 ) Deduct outstanding checks 11100 Cash balance according to company's records Add error in recording Check No. 1056 as $950 instead of $590 360 V 12.480 25