The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: Cash balance according to the company's records at July 31 $16,520. Cash balance according to the bank statement at July 31, $17,510. Checks outstanding, $3,350. Deposit in transit, not recorded by bank, $2,690. A check for $480 in payment of an account was erroneously recorded in the check register as $840. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 14. Mathers Co. Bank Reconciliation July 31 Cash balance according to bank statement $ Adjusted balance $ Cash balance according to company's records $ Adjusted balance $
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