21 The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $32,560. 2. Cash balance according to the bank statement at August 31, $46,300. 3. Checks outstanding, $28,540. 4. Deposit in transit not recorded by bank, $16,375. 5. A check for $180 in payment of an account was erroneously recorded in the check register as $1,800. 6. Bank debit memo for service charges, $45. Required: a. Use Excel to prepare a bank reconciliation. Follow the format shown in Exhibit 13 in the textbook. b. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)? Submit your Excel solution for this assignment to Canvas.

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20 Y6: 1. Cash balance according to the company's records at August 31,$32,560. 2. Cash balance according to the bank statement at August 31,$46,300. 3. Checks outstanding, $28,540. 4. Deposit in transit not recorded by bank, $16,375. 5. A check for $180 in payment of an account was erroneously recorded in the check register as $1,800. 6. Bank debit memo for service charges, $45. Required: a. Use Excel to prepare a bank reconciliation. Follow the format shown in Exhibit 13 in the textbook. b. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)? Submit your Excel solution for this assignment to Canvas