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, $26,450. 2. Cash balance according to the bank statement at August 31, $27,990. 3. Checks outstanding, $5,370. 4. Deposit in transit, not recorded by bank, $4,310. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $60. 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: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: (0) Od Total adjustments Adjusted balance a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 2046 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Adjustments: k Total adjustments Adjusted balance b. If the balance sheet were prepared for Creative Design Co, on August 31, 2016, what amount should be reported for cash? c. Must a bank reconciliation always balance (reconcile)