eBook Show Me How Bank Reconciliation An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 2014 $5,830 Cash balance according to company's records Adjustments: Outstanding checks Error by Chesner Co. in recording Check No. 1056 as $820 instead of $280 $2,800 540 9,570 Note for $9,200 collected by bank, including interest Deposit in transit on July 31 (5,930) Bank service charges (50) Total adjustments 6,930 Cash balance according to bank statement $12,760 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. Chesner Co. Bank Reconciliation Check My Work 2 more Check My Work uses remaining. Previous Next 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. Chesner Co. Bank Reconciliation July 31, 2014 Cash balance according to bank statement 12,760 Add: Deposit in transit on July 31 5,930 Deduct: Outstanding checks X -2,800 X Adjusted balance 3,130 x 15,890 Cash balance according to company's records Deduct: Error in recording Check No. 1056 as $820 instead of $280 X $ 540 Deduct: Note for $9,200 collected by bank, including interest X 9,570 Total additions 10,160 x Add: Bank service charges 50 X Adjusted balance $ 15,890 Feedback Check My Work Check My Work 2 more Check My Work uses remaining. Previous Next