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, $19,100. 2. Cash balance according to the bank statement at August 31, $20,170. 3. Checks outstanding, $3,880. 4. Deposit in transit, not recorded by bank, $3,110. 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, $60. a. Prepare a bank reconciliation, using the format shown in Exhibit Creative Design Co. Bank Reconciliation August 31, 2046 Cash balance according to bank statement Add: Deposit in transit on August 31 Deduct: Outstanding checks Adjusted balance Cash balance according to company's records Add: Error in recording check Deduct: Bank service charge Adjusted balance