bank reconciastion 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,$21,590. 2. Cash balance according to the bank statement at August 31, $22,780. 3. Checks outstanding, $4,380. 4. Deposit in transit not recorded by bank, $3,520. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconcliation, using the format shown in Exhibit 13. b. If the balance sheet were prepared for Creative Design Co. on August 31, what amount should be reported for cash? 1 1. Cash balance according to the company's records at August 31,$21,590. 2. Cash balence according to the bank statement at August 31,522,780. 3. Checks outstanding, $4,380, 4. Deposit in transit not recorded by bank, $3,520. 5. A check for $480 in payment of an account was erroncously recorded in the check register as $840. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. b. If the balance sheet were prepared for Creative Design Co, on August 31, what amount should be reported for cash? I c. Must a bank reconciliation always baiance (reconcile)