The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $23,130. 2. Cash balance according to the bank statement at August 31, $24,390. 3. Checks outstanding, $4,700. 4. Deposit in transit, not recorded by bank, $3,770. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 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, 2016 Cash balance according to bank statement Adjustments: Deposit in transit, not recorded by bank 3,770 24,390 Outstanding checks 4,700 Total adjustments Adjusted balance 23,130 x Cash balance according to company's records Adjustments: Error in recording check 360 Bank service charge 30 Total adjustments I. Adjusted balance