Bank Reconciliation August 31 Cash balance according to company's records $5,840 Add: Outstanding checks $2,800 Error by Chesner Co. in necording Check No. 1056 as $820 instead of $280 540 Note for $9,200 collected by bank, induding interest 9,570 12,910 $18,750 Deduct: Deposit in transit on August 31 $5,950 Bank service charges 40 5,990 Cash balance according to bank statement $12,760 a. From the data in this bank reconciliation, prepare a new bank recondiliation for Chesner Co., using the format shown in the illustrative problem. Chesner Co. Bank Reconciliation August 31 Cash balance according to Lank statement Adusted belance Chbalance according to company's records dusted balene b. a Lalance sheet were prepared for Muskegen Co. on M 31,20:6, what aountshould teritertedtor.cas
Bank Reconciliation August 31 Cash balance according to company's records $5,840 Add: Outstanding checks $2,800 Error by Chesner Co. in necording Check No. 1056 as $820 instead of $280 540 Note for $9,200 collected by bank, induding interest 9,570 12,910 $18,750 Deduct: Deposit in transit on August 31 $5,950 Bank service charges 40 5,990 Cash balance according to bank statement $12,760 a. From the data in this bank reconciliation, prepare a new bank recondiliation for Chesner Co., using the format shown in the illustrative problem. Chesner Co. Bank Reconciliation August 31 Cash balance according to Lank statement Adusted belance Chbalance according to company's records dusted balene b. a Lalance sheet were prepared for Muskegen Co. on M 31,20:6, what aountshould teritertedtor.cas
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 7.21EX
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