The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $24,930. Cash balance according to the bank statement at August 31, $26,420. Checks outstanding, $5,060. Deposit in transit, not recorded by bank, $4,060. A check for $170 in payment of an account was erroneously recorded in the check register as $710. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. b. Creative Design Co. Bank Reconciliation August 31, 20Y6 Cash balance according to bank statement $ Adjusted balance $ Cash balance according to company's records $ Adjusted balance $
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