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Cash balance according to the company's records at August 31, $22,590. Show Me How ...

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Accounting

Cash balance according to the company's records at August 31, $22,590. Show Me How
Cash balance according to the bank statement at August 31,$23,830.
Checks outstanding, $4,590.
Deposit in transit not recorded by bank, $3,680.
A check for $590 in payment of an account was erroneously recorded in the check register as $950.
Bank debit memo for service charges, $30.
Open spreadsheet
a. Prepare a bank reconciliation, using the format shown in Exhibit 13.
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
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)?
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