home / study / business / accounting / accounting questions and answers / the following data were accumulated for use in reconciling the bank account of zeks co. ... Question: The following data were accumulated for use in reconciling the bank account of Zeks Co. for Ma... The following data were accumulated for use in reconciling the bank account of Zeks Co. for May 2016: 1. Cash balance according to the companys records at May 31, 2016, $20,014. 2. Cash balance according to the bank statement at May 31, 2016, $28,514. 3. Checks outstanding, $14,232. 4. Deposit in transit, not recorded by bank, $6,214. 5. A check for $55 in payment of an account was erroneously recorded in the check register as $550. 6. Bank debit memo for service charges, $13. A. Prepare a bank reconciliation, using the format shown in Exhibit 13. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. The word Deduct: or Add: will automatically appear if it is required. B. If the balance sheet were prepared for Zeks Co. on May 31, 2016, what amount should be reported for cash? C. Must a bank reconciliation always balance (reconcile)?