Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July: Cash balance according to the company's records at July 31, $25,840. Cash balance according to the bank statement at July 31, $27,180. Checks outstanding, $5,250. Deposit in transit, not recorded by bank, $4,210. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $60. Question Content Area a. Prepare a bank reconciliation, using the format shown in Exhibit 12. Nakajima Co. Bank Reconciliation July 31 Cash balance according to bank statement $fill in the blank f7cbf4008fd6f8b_1 Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance $fill in the blank f7cbf4008fd6f8b_6 Cash balance according to company's records $fill in the blank f7cbf4008fd6f8b_7 Add error in recording check $950 instead of $590 Deduct bank service charge Adjusted balance $fill in the blank f7cbf4008fd6f8b_12 Question Content Area b. If the balance sheet is prepared for Nakajima Co. on July 31, what amount should be reported for cash? $fill in the blank d65893f5cfba00d_1 c. Must a bank reconciliation always balance (reconcile)