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, $15,250. 2. Cash balance according to the bank statement at August 31, $16,280. 3. Checks outstanding, $3,100. 4. Deposit in transit not recorded by bank, $2,490. 5. A check for $270 in payment of an account was erroneously recorded in the check register as $720. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 20Y6 Line Item Description Amount Cash balance according to bank statement 16,280. Add: Deposit in transit on August 31 2,490 Adjusted balance Cash balance according to company's records I Adjusted balance 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)?