The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $21,131. 2 Cash balance according to the bank statement at August 31, $27,606. 3. Checks outstanding. $13,321. 4. Deposit in transit, not recorded by bank, $7,293. 5. A check for $51 in payment of an account was erroneously recorded in the check register as $510. 8. Bank debit memo for service charges, $12. 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? C. Must a bank reconciliation always balance (reconcile)? Bank Reconciliation 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. 1 Cash balance according to bank statement 2 Adjustments: 3 Deposit in transit, not recorded by bank Outstanding checks 5 7 8 Cash balance according to company's records 9 Adjustments: 10 11 Error in recording check as $510 instead of $51 12 Bank service charge 13 Adjusted balance Creative Design Co. Bank Reconciliation August 31, 2016 $7,293.00 (13,321.00) Score: 30/88 $27,606.00 Final Questions 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)? No Yes Points: 0/1 Points: 1/1