cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionL eBook Show Me How 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, $26,670. 2. Cash balance according to the bank statement at August 31, $28,220. 3. Checks outstanding, $5,410. 4. Deposit in transit, not recorded by bank, $4,350 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $50. 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 $ 28,220 Add: Deposit in transit on August 31 4,350 Deduct: Outstanding checks 5,410 Adjusted balance Cash balance according to company's records Add: Error in recording check Deduct: Bank service charge Adjusted balance S Check My Work All work saved