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Prepare a new bank reconciliation for chesner co

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Reference no: EM132684567

Bank Reconciliation July 31, 20Y4

Cash balance according to company's records $7,630

Adjustments: Outstanding checks $3,660

Error by Chesner Co. in recording Check No. 1056 as $820 instead of $280540

Note for $12,000 collected by bank, including interest12,480

Deposit in transit on July 31(7,770)

Bank service charges(30)

Total adjustments 8,880

Cash balance according to bank statement $16,510

Problem 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.

Reference no: EM132684567

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