The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July: Cash balance according to the company's records at July 31, $23,080. Cash balance according to the bank statement at July 31, $24,410. Checks outstanding, $4,690. Deposit in transit, not recorded by bank, $3,760. A check for $270 issued in payment of an account was erroneously recorded in the check register as $720. Bank debit memo for service charges, $50. Question Content Area a. Prepare a bank reconciliation, using the format shown in Exhibit 12