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The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1 2. 3 Cash balance according

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The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1 2. 3 Cash balance according to the company's records at August 31, $18,257 Cash balance according to the bank statement at August 31, $27,261 Checks outstanding, $14,624. Deposit in transit, not recorded by bank, 56,131. Acheck for $58 in payment of an account was erroneously recorded in the check register as $580. Bank debt memo for service charges, $11. 4 5 6 A. Prepare a bank reconciliation, using the format shown in Exhibit 13. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 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 (reconcle)? Amount Descriptions Adjusted balance Bank service charge Bank error in charging check as $58 instead of $580 Bank error in charging check as $580 instead of $58 Deposit in transit, not recorded by bank Error in recording check as $58 instead of $580 Error in recording check as $580 instead of $58 Outstanding checks Total adjustments A Prepare a bank reconciliation, using the format shown in Exhibit 13 Refer to the Amount Descripcions est provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a mis sign Creative Design Co Bank Reconciliation August 31, 2016 1 Cash balance according to bank statement 2 Adjustments 3 5 # Cash balance according to company's records Adjustments 10 11 11 11 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)? O Yes No

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