Instructions x Amount Descriptions The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Amount Descriptions Adjusted balance 1. Cash balance according to the company's records at August 31, $24,556. Bank service charge 2. 3. Cash balance according to the bank statement at August 31, $31,856. Checks outstanding, $13,280. Deposit in transit, not recorded by bank, $6,392 Bank error in charging check as $48 instead of $480 Bank error in charging check as $480 instead of S48 4. Deposit in transit, not recorded by bank 5. A check for $48 in payment of an account was erroneously recorded in the check register as $480 Bank debit memo for service charges, $20. 6. Error in recording check as $48 instead of $480 Error in recording check as $480 instead of $48 Outstanding checks Total adjustments A. Prepare 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign B. If the balance sheet were prepared for Creative Design Co. on August 31 what amount should be reported for cash? C. Must a bank reconciliation always balance (reconcile)? Bank Reconciliation X Final Questions 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. For those boxes in which you must enter subtracted or negative numbers use a minus sign. B. If the balance sheet were prepared for Creative Design Co. on August 31 what amount should be reported for cash? $ Creative Design Co. C. Must a bank reconciliation always balance (reconcile)? Bank Reconciliation August 31, 20Y6 O No 1 Cash balance according to bank statement O Yes 2 Adjustments: 4 5 3 Cash balance according to company's records 9 Adjustments: 10 11 12 13