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

Chesner Co.
Bank Reconciliation
August 31

Cash balance according to company's records $8,290
Add: Outstanding checks $3,980
Error by Chesner Co. in recording Check 1056 as $940 instead of $490 450
Note for $13,000 collected by bank, including interest 13,520 17,950 $26,240
Deduct: Deposit in transit on August 31 $8,440
Bank service charges 30 8,470
Cash balance according to bank statement $17,770

From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co.

Respuesta :

Answer:

Explanation:

Chesner Co.

Bank Reconciliation August 31

Cash balance $8,290

Add:

Outstanding checks $3,980

Error on Check 1056. $ 450

Note collected. $13,520

Less:

Deposit in transit. $8,440

Bank service charges. $30

Bank Balance. $17,770