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

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Accounting

An accounting clerk for Chesner Co. prepared the following bank reconciliation:
Chesner Co.
Bank Reconciliation
August 31
Cash balance according to company's records $6,160
Add: Outstanding checks $2,960
Error by Chesner Co. in recording Check
No.1056 as $820 instead of $280540
Note for $9,700 collected by bank, including interest 10,09013,590
$19,750
Deduct: Deposit in transit on August 31 $6,270
Bank service charges 306,300
Cash balance according to bank statement $13,450
Question Content Area
a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., using the format shown in the Exhibit 12.

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