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The following data were accumulated for use in reconding the bank account of Crestive Design Ca. foe Auguas 20y6 : 1. Caih balance accerding to

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The following data were accumulated for use in reconding the bank account of Crestive Design Ca. foe Auguas 20y6 : 1. Caih balance accerding to the companys records at August 31, 519,550 2. Cash bulance accerting to the bank itatement at August 31,520,090 3. Checks outstanding, $3,970. 4. Depesit in transit, not reconded by bank, $3,190 5. A check foc $170 in payment of an accosint was erroneoubly recorded in the check register as $730. 6. bank debit memo for service charges, 540 . a. Prepare a bank recendilation, lesing the format shown in Exhibit is. b. If the balance sheet were prepared for Creatlve Design Co. on August 31, what amount should be reported for cash? c. Must a bank reconcliation always balance (reconcile)

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