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Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: $5,180 $2,490 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 $710 instead of $170 Note for $8,100 collected by bank, including interest Deposit in transit on July 31 Bank service charges Total adjustments Cash balance according to bank statement 540 8,420 (5,270) (50) 6,130 $11,310 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Chesner Co. Bank Reconciliation July 31, 2014 Cash balance according to bank statement Previous Next Check My Work 3 more Check My Work uses romaining. Save and Exit Submit Assignment for Grading MacBook Pro Q sojustments Cash balance according to bank statement 6,130 $11,310 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign Chesner Co. Bank Reconciliation July 31, 2014 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 Chester Co. on July 31, 2014, what amount should be reported for cash?

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