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Instructions The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. 2. 3. Cash balance according to the company's records at August 31, $18,257 Cash balance according to the bank statement at August 31, $27.261 Checks outstanding. $14,624. Deposit in transit, not recorded by bank, S6,131 A check for $58 in payment of an account was erroneously recorded in the check register as 5580 Bank debit memo for service charges, $11 4 5 6 A Prepare a bank reconciliation, using the format shown in Exhibit 13. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign B. If the balance sheet were prepared for Creative Design Co on August 31 What amount should be reported for cash? Bank Reconciliation Final Questions D Instructions Bank Reconciliation A. Prepare a bank reconciliation, using the format shown in Exhibit 13. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign Creative Design Co. Bank Reconciliation August 31, 2016 1 Cash balance according to bank statement 12 Adjustments: 3 4 5 6 Instructions Amount Descriptions Bank Reconciliation Final Questions Instructions Final Questions . B. If the balance sheet were prepared for Creative Design Co. on August 31 what amount should be reported for cash? te> C. Must a bank reconciliation always balance (reconcile)? O NO Yes

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