(chapter 8)

need help please

Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31$20,670. 2. Cash balance according to the bank statement at July 31,$21,910. 3. Checks outstanding, $4,200. 4. Deposit in transit, not recorded by bank, $3,370. 5. A check for $270 in payment of an account was erroneously recorded in the check register as $720. 6. Bank debit memo for service charges, $40. a. Prepare a bank reconciliation, using the format shown in Exhibit 14. b. If the balance sheet is prepared for Mathers Co. on July 31 , what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)