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.
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