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

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Bank Reconciliation An accounting clerk for Chesner Co, prepared the following bank reconciliation: Chesner Co. Bank Reconciliation August 31 Cash balance according to company's records Add: Outstanding checks $3,585 Error by Chesner Co. In recording Check No. 1056 as $950 Instead or $590 Note for $12,000 collected by bank, including interest $11,100 360 12,480 16,425 $27,525 > $7,200 Deduct: Deposit in transit on August 31 tank service charges Cash balance according to bank statement 25 7,225 $20,300 a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Cousing the format shown in the exhibit 12. Chesner Co. Bank Reconciliation August 31 Cash balance according to bank statement a. From the data in this bank reconciliation, prepare a new bank reconciliation for Chesner Co., using the format shown in the Exhibit 12, Chesner Co. Bank Reconciliation August 31 Cash balance according to bank statement Adjusted balance Cash balance according to company's records 100 100 Adjusted balance b. If a balance sheet is prepared for Chesner Co, on August, what amount should be reported for cash

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