Bank Reconciliation The following data were accumulated for use In reconciling the bank account of Kaycee Sisters Inc. for August 20Y9: a. Cash balance according to the company's records at August 31, $21,140 b. Cash balance according to the bank statement at August 31, $22,040 c. Checks outstanding, 54,290 d. Deposit in transit, not recorded by bank, $3,450 e. A check for $340 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as 430. f. Bank debit memo for service charges, $30 Prepare a bank reconciliation, using the format shown in Exhibit 12. Kaycee Sisters Inc. Bank Reconcillation August 31, 20Y9 21.140 x 22,040 X 43,180 | X 4,290 38,890 X Cash baance according to bank statement Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance Cash balance according to Kaycee Sisters Inc. Add error in recording check as $430 by the company instead of $340 90 Deduct bank service charges Adjusted balance