Bank Reconciliation

The following data was accumulated for use in reconciling the bank account of Creative Design Co. for December 2019. Prepare a bank reconciliation using the two-part format.

Cash balance according to the companys records at December 31, 2019: $36,570

Cash balance according to the bank statement at December 31, 2019: $52,400

Checks outstanding $23,375

Deposit in transit not recorded by bank $ 7,500

Bank debit memo for service charges $ 45