The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cosh batance according to the company's records at August 31,$18,760. 2. Cash balance according to the bark statement at August 31,520,010. 3. Checks outstanding, $3,810. 4. Deposit in transt not recorded by bank, $3,060 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, $40. a. Prepsre a bank reconcillation, using the format shown in Exhibit 13. b. If the baiance sheet were prepared for Creative Design Co. on August 31, what amount thould be reported for cash? 1 c. Must a bank reconciliation always balance (reconcle)