An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $7,150 Adjustments: Outstanding checks $3,430 Error by Chesner Co. in recording Check No. 1056 as $830 instead of $380 450 Note for $11,200 collected by bank, including interest 11,650 Deposit in transit on July 31 (7,280) Bank service charges (40) Total adjustments 8,210 Cash balance according to bank statement $15,360 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, 20Y4 Cash balance according to bank statement $fill in the blank acc4df036010fde_1 fill in the blank acc4df036010fde_3 fill in the blank acc4df036010fde_5 Adjusted balance $fill in the blank acc4df036010fde_6 Cash balance according to company's records $fill in the blank acc4df036010fde_7 $fill in the blank acc4df036010fde_9 fill in the blank acc4df036010fde_11 Total additions fill in the blank acc4df036010fde_12 fill in the blank acc4df036010fde_14 Adjusted balance $fill in the blank acc4df036010fde_15 b. If a balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash? $fill in the blank b7316eff507bfef_1
An accounting clerk for Chesner Co. prepared the following bank reconciliation: Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $7,150 Adjustments: Outstanding checks $3,430 Error by Chesner Co. in recording Check No. 1056 as $830 instead of $380 450 Note for $11,200 collected by bank, including interest 11,650 Deposit in transit on July 31 (7,280) Bank service charges (40) Total adjustments 8,210 Cash balance according to bank statement $15,360 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, 20Y4 Cash balance according to bank statement $fill in the blank acc4df036010fde_1 fill in the blank acc4df036010fde_3 fill in the blank acc4df036010fde_5 Adjusted balance $fill in the blank acc4df036010fde_6 Cash balance according to company's records $fill in the blank acc4df036010fde_7 $fill in the blank acc4df036010fde_9 fill in the blank acc4df036010fde_11 Total additions fill in the blank acc4df036010fde_12 fill in the blank acc4df036010fde_14 Adjusted balance $fill in the blank acc4df036010fde_15 b. If a balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash? $fill in the blank b7316eff507bfef_1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An accounting clerk for Chesner Co. prepared the following bank reconciliation:
Chesner Co. Bank Reconciliation July 31, 20Y4 Cash balance according to company's records $7,150 Adjustments: Outstanding checks $3,430 Error by Chesner Co. in recording Check No. 1056 as $830 instead of $380 450 Note for $11,200 collected by bank, including interest 11,650 Deposit in transit on July 31 (7,280) Bank service charges (40) Total adjustments 8,210 Cash balance according to bank statement $15,360 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, 20Y4 Cash balance according to bank statement $fill in the blank acc4df036010fde_1 fill in the blank acc4df036010fde_3 fill in the blank acc4df036010fde_5 Adjusted balance $fill in the blank acc4df036010fde_6 Cash balance according to company's records $fill in the blank acc4df036010fde_7 $fill in the blank acc4df036010fde_9 fill in the blank acc4df036010fde_11 Total additions fill in the blank acc4df036010fde_12 fill in the blank acc4df036010fde_14 Adjusted balance $fill in the blank acc4df036010fde_15 b. If a
balance sheet were prepared for Chesner Co. on July 31, 20Y4, what amount should be reported for cash?
$fill in the blank b7316eff507bfef_1
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