Bank Reconciliation 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, $27,600. 2. Cash balance according to the bank statement at August 31, $29,200. 3. Checks outstanding, $5,600. 4. Deposit in transit, not recorded by bank, $4,500. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $40. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 20Y6 Cash balance according to bank statement Add: Deposit in transit on August 31 Adjusted balance Cash balance according to company's records Adjusted balance 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)?

sank anconciution The fosowing data were accumblated for use in reconciling the bank account of Creative Design Co. for Aupust 20y6 1. Ciuk balance according to the compony's records at August 31; 127,600 . 2. Cash balance according to the bank statement at Auguit 31,579,200. 3. Checks outstanding, \$5,600 4. Deposit in tranki, not recorsed by bank, 44,500 5. A check for $170 in paythent of an account was erronecushy recorded in the check regitter as 5710 . 6. Eank debit meme for service charges, 540. a. Prepare a bank recondibion, using the format shown in Eatubit 13. b. If the balance sheut were prepared for Creativen Desegn Co, en August 31, what ampunt shoudd be reported for cash? c. Must a bank reconcliatisn alwors baiance (recencle)? 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,$27,600. 2. Cash balance according to the bank statement at August 31,$29,200. 3. Checks outstanding, $5,600. 4. Deposit in transit, not recorded by bank, $4,500. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $40. 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? c. Must a bank reconciliation always balance (reconcile)