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An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation...

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Accounting

An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $8,280 Adjustments: Outstanding checks $3,970 Error by Chesner Co. in recording Check No. 1056 as $710 instead of $170 540 Note for $13,000 collected by bank, including interest 13,520 Deposit in transit on July 31 (8,430) Bank service charges (60) Total adjustments 9,540 Cash balance according to bank statement $17,820

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

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

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