Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $24,240. 2. Cash balance according to the bank statement at August 31, $25,540. 3. Checks outstanding. 54,920. 4. Deposit in transit, not recorded by bank, $3,950. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 2016 Cash balance according to bank statement Adjusted balance Cash balance according to company's records ibdini Adjusted balance Check My Work 5 more Check My Work uses remaining All work saved RI E 22 77F DELL E2 F3 F4 144 F5 F6 F7 F8 F9 10