Eank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Deslgn Co, for August 20Y6: 1. Cash balance according to the company's records at August 31,$21,130. 2. Cash balance according to the bank statement at August 31,$22,030. 3. Checks outstanding, $4,290. 4. Deposit in transit, not recorded by bank, $3,440. 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. b. If the balance sheet were prepared for Creative Design Co. on August 31, What amount should be reported for cash? 1