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, $15,230.
2. Cash balance according to the bank statement at August 31, $16,150.
3. Checks outstanding, $3,090.
4. Deposit in transit, not recorded by bank, $2,480.
5. A check for $480 in payment of an account was erroneously recorded in the check register as $840.
6. Bank debit memo for service charges, $50.

a. Prepare a bank reconciliation, using the format shown in Exhibit 13.

Cash balance according to bank statement $

_________ $

_________ $

Adjusted balance $

Cash balance according to company's records $

_____ $

_____ $

Adjusted balance $