Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bank reconciliationan accounting clerk for chesner

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

50.1K

Verified Solution

Question

Accounting

Bank ReconciliationAn accounting clerk for Chesner Co. prepared the following bank reconciliation:Chesner Co. Bank Reconciliation August 31 Cash balance according to company's records $4,850Add: Outstanding checks$2,330 Error by Chesner Co. in recording Check No.1056 as $940 instead of $490450 Note for $7,600 collected by bank, including interest7,90010,680 $15,530Deduct: Deposit in transit on August 31$4,940 Bank service charges404,980Cash balance according to bank statement $10,550
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

Algebra 1 x ...

Biology
1.2K views

Jaws first occurred in which extant group of fishes ray finned fishes Ochondrichthyans placoderms lungfishes

Physics
1.2K views

Two capacitors each of capacitance C are each having a charge q initially connected as...

Geometry
1.2K views

If the measure of arc QP is 76 degrees and angle 3 is 92 degrees...

Basic Math
1.2K views

Use transformations of f(x)=?x to graph the following function.Select all the transformations that are needed...

Calculus
1.2K views

find the power series representation for the function and determine the interval of convergence 19...

Accounting
1.2K views

La empresa tiene 15 empleados, quienes ganan un total de $2,250 en salarios cada da...

Accounting
1.2K views

a) Following is selected financial information for eBay Inc., for its fiscal...

Accounting
1.2K views

Compare Two Methods of Accounting for Uncollectible Receivables Call Systems Company, a telephone service and...

Accounting
1.2K views

The following information is for Tide Corporation: thousands) Net sales Cost of goods sold 2817...

Accounting
1.2K views

Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information...

Accounting
1.2K views

Gruden Company produces golf discs which it normally sells to retailers for $7 each. The...