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, $14,710. Cash balance according to the bank statement at August 31, $15,360. Checks outstanding, $2,990. Deposit in transit not recorded by bank, $2,400. 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.