Cash balance according to the company's records at August $31,$ $$22,590.$ Show Me How

Cash balance according to the bank statement at August $31,$$$23,830.$

Checks outstanding, $$4,590.$

Deposit in transit not recorded by bank, $$3,680.$

A check for $$590$ in payment of an account was erroneously recorded in the check register as $$950.$

Bank debit memo for service charges, $$30.$

Open spreadsheet

a$.$ Prepare a bank reconciliation, using the format shown in Exhibit $13.$

Creative Design Co$.$

Bank Reconciliation

August $31,20Y6$

Cash balance according to bank statement

Adjusted balance

Cash balance according to company's records

Adjusted balance

b$.$ If the balance sheet were prepared for Creative Design Co$.$ on August $31,$ what amount should be reported for cash?

$$

c$.$ Must a bank reconciliation always balance $($reconcile$)?$