Bank Reconciliation

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:

Cash balance according to the company's records at August 31, $16,680.

Cash balance according to the bank statement at August 31, $17,410.

Checks outstanding, $3,390.

Deposit in transit, not recorded by bank, $2,720.

A check for $340 in payment of an account was erroneously recorded in the check register as $430.

Bank debit memo for service charges, $30.

Question Content Area

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	blank	$fill in the blank 331664f6cf92f89_1
Add: Bank service chargeAdd: Deposit in transit on August 31Add: Error in recording checkAdd: Outstanding checks	blank	- Select -
Deduct: Bank service chargeDeduct: Deposit in transit on August 31Deduct: Error in recording checkDeduct: Outstanding checks	blank	- Select -
Adjusted balance	blank	$fill in the blank 331664f6cf92f89_6
Cash balance according to company's records	blank	$fill in the blank 331664f6cf92f89_7
Add: Bank service chargeAdd: Deposit in transit on August 31Add: Error in recording checkAdd: Outstanding checks	blank	- Select -
Deduct: Bank service chargeDeduct: Deposit in transit on August 31Deduct: Error in recording checkDeduct: Outstanding checks	blank	- Select -
Adjusted balance	blank	$fill in the blank 331664f6cf92f89_12