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Below are the options for the fill in the blank: Bank Reconciliation The following data were accumulated for use in reconciling the bank account of

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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, $24,000. 2. Cash balance according to the bank statement at August 31, $25,010. 3. Checks outstanding, $4,870. 4. Deposit in transit, not recorded by bank, $3,910. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $40. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 2046 Cash balance according to bank statement $ 25,010 Adjustments: Deposit in transit, not recorded by bank 3,910 Outstanding checks 4,870 Total adjustments Adjusted balance $ Cash balance according to company's records Adjustments: Total adjustments Adjusted balance b. If the balance sheet were prepared for Creative Design Co. on August 31, 2016, what amount should be reported for cash? C. Must a bank reconciliation always balance (reconcile)? 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, $24,000. 2. Cash balance according to the bank statement at August 31, $25,010. 3. Checks outstanding, $4,870. 4. Deposit in transit, not recorded by bank, $3,910. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $40. 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 Adjustments: Deposit in transit, not recorded by bank 3,910 Outstanding checks 4,870 25,010 Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Bank service charge Deposit in transit, not recorded by bank Error in recording check Outstanding checks 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, $24,000. 2. Cash balance according to the bank statement at August 31, $25,010. 3. Checks outstanding, $4,870. 4. Deposit in transit, not recorded by bank, $3,910. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $40. 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 Adjustments: Deposit in transit, not recorded by bank 3,910 Outstanding checks 4,870 25,010 Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Bank service charge Deposit in transit, not recorded by bank Error in recording check O Outstanding checks NEGO b. If the balance sheet were prepared for Creative Design Co. on August 31, 2016, what amount should be reported for cash? VH C. Must a bank reconciliation always balance (reconcile)? Fe Yes No Work

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