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ccan someone please check my work please Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co.
ccan someone please check my work please
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31,$22,720. 2. Cash balance according to the bank statement at August 31,$23,670. 3. Checks outstanding, $4,610. 4. Deposit in transit, not recorded by bank, $3,700. 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, $50. 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)Step by Step Solution
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