The following data were accumulated for use in reconciling the bank account of Creative Design Co. for. August 20v6: 1. Cash balance according to the company's records at August. 31,$24,760. 2. Cash balance accerding to the bank statement at August 31,$26,080. 3. Checks outstanding, $5,030. 4. Deposit in transit not recorded by bank, $4,040. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13 . 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 reconcilation always balance (reconcle)