Bank reconciliation Amount Descriptions Bank Reconciliation Final Questions Instructions 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, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600 3. Checks outstanding, $23,375. 4. Deposit in transit not recorded by bank, 57,500. 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit memo for service charges, $45 ng the format shown in Exhibit 13 Refer to the Amount Descriptions list provided for the exact wording of the For those boxes in which you must enter subtracted or negative numbers use a minus sign A. Prepare a bank reconciliation, usi answer choices for text entries. 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)