An accounting clerk for Grebe Co. prepared the following bank reconciliation:

a. From the bank reconciliation data on the previous page, prepare a new bank reconciliation for Grebe Co., using the format shown in the illustrative problem.b. If a balance sheet were prepared for Grebe Co. on August 31, 2010, what amount should be reported forcash?

GREBE CO. Bank Reconciliation August 31, 2010o Cash balance according to company's records Add: Outstanding checks Error by Grebe Co. in recording Check No. 1115 as $940 instead of $490 Note for $6,500 collected by bank, including interest Deduct: Deposit in transit on August 31 Bank service charges Cash balance according to bank statement $ 4,690 $3,110 450 6,630 $4,725 30 10,190 $14,880 4,755 $10,125