Hank resninciliarbon The foligaing data were accumulated for use in reconciling the bank account of Creative Desion Co. for August 20rG: 1. Cash baiance according to the compeny's records at August 21,522,490. 2. Cach balance according to the bank statement ot Muguse 31,323,390. 3. Checks outstinding, $4,560. 4. Deposit in transit not recorbed by bank, 53,6f0. 5. A check for $140 in payment of an account wat erreneously recorded in the check register as 5430 : 6. Bank debit memo for service charges, $50. a. Prepare a bank reconcilation, using the format shewn in Exhithit 13. b. If the balance sheet were prepared for Creative Desigh Co; on Avpust 31, what amount should be reported for cash? 2. Cavs balance according to the Eark staterent of August 31, 131,390. 4. Oepopt in trateit oot recorded ty bank, 11,600 6. Dank debt memp sor iervice chareti, sso, c. Must a bark recoriolivion always balante (reconole)