Bank reconciliation The following data were accumulated for

Last updated: 10/31/2023

Bank reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co for August 20Y6 1 Cash balance according to the company s records at August 31 14 600 2 Cash balance according to the bank statement at August 31 15 480 3 Checks outstanding 2 960 4 Deposit in transit pot recorded by bank 2 380 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 60 a Prepare a bank reconciliation using the format shown in Exhibit 13 Creative Design Co Bank Reconciliation August 31 2016 Line Item Description Cash balance according to bank statement Add Deposit in transit on August 31 Deduct Outstanding checks Adjusted balance Cash balance according to company s records Add Error in recording check Deduct Bank service charge Adjusted balance Feedback Check My Work 100000000 Amount b If the balance sheet were prepared for Creative Design Co on August 31 what amount should be reported for cash