Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 2019: a. Cash balance according to the company's records at August 31, $23,500. b. Cash balance according to the bank statement at August 31, $24,760. c. Checks outstanding, $4,770. d. Deposit in transit, not recorded by bank, $3,830. e. A check for $590 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $950. f. Bank debit memo for service charges, $40. Prepare a bank reconciliation, using the format shown in Exhibit 12. Kaycee Sisters Inc. Bank Reconciliation August 31, 2019 Cash balance according to bank statement Adjusted balance Cash balance according to Kaycee Sisters Inc. $ Adjusted balance