Bank Reconcliation The following data were accumulated for use in rocondino the bank account of Nakajina Co. for July: 1. Cash balance according to the comgany's records at Jely 31,$27,490. 2. Cash balance accordiog to the bank statement at July 31, $79,090. 3. Checks outstanding, 55,580 . 4. Deposit in transit, not recorded by bank, 54,480 . 5. A check for $170 issued in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit meme for service charges, $40. a. Prepare a bank reconciliatlon, using the format shown in Bohitsit 17. b. If the balance sheet is prepared for Nakalima Co. on July 31 , what amount should be reported for caah? c. Must a bank reconciliation always balance (reconcile)