Bark Reconcilation The fosowing data were sccumulated for use in reconciling the bank account of Mathers co. for ludy? 1. Csin balance according to the company's records at July 31525,040 2. Cash bolance according to the bank statement at July 31,526,370. 3. Checks outstanding, 55,060 . 4. Depost in transit, not recerded by bank, $4,090. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bunk debit memo for service charges, $30, a. Prepare a bank reconcliation, using the format shown in Exhibit 14 . b. If the balance sheet is prepared for Mathers Co, on July 31, what amnount shoiald be reported for cash? c. Must a bank reconciliation always balance (reconcile)