Help ASAP! Thanks in advance Bank Reconciliation The following data were...
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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, $26,250. 2. Cash balance according to the bank statement at August 31, $27,360. 3. Checks outstanding, $5,330. 4. Deposit in transit, not recorded by bank, $4,280. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $30. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 2016 Cash balance according to bank statement Add: Bank service charge Add: Deposit in transit on August 31 Add: Error in recording check Add: Outstanding checks ny's records Adjusted balance
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