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please help solve im lost Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co.

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Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375. 4. Deposit in transit not recorded by bank, $7,500. 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit memo for service charges, $45. Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. a. 2016 Aug. 31 b. Aug. 31 1 Bank Reconciliation An accounting derk for Chesner Co, prepared the following bank reconciliation: $11,100 $3,585 Chesner Co. Bank Reconciliation July 31, 2014 Cash balance according to company's records Adjustments: Outstanding checks Error by Chesner Co. In recording Check No. 1056 as $950 Instead of $590 Note for $12,000 collected by bank, including interest Deposit in transit on July 31 Bank service charges Total adjustments Cash balance according to bank statement 360 12.480 (7.200) (25) 9,200 $20,300 a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., use the format shown in the Let's Review section Chesner Co Bank Reconciliation July 31, 2014 Cash balance according to bank statement 11.100 x Adjustments: Outstanding checks x 3.585.00 X 560.00 X Error in recording Check No. 1056 as $950 instead of $590 X Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Deposit in transit on July 31 X Bank service charges x Note for $12,000 collected by bank, Including interest x Total adjustments 7,200.00 X 25.00 X Adjusted balance Set up two sections: one for the company cash account section and the other for the bank balance section. Determine the effect of the data on each section Recall that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equal. If not, an item has been overlooked or treated in error Learning objectives b. If a balance sheet were prepared for Chesner Co. on July 31, 2014, what amount should be reported for cash

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