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Please add answer and way to slove Bank...

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Accounting

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Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. a. Prepare a bank reconciliation, using the format shown in Exhibit 14. Mathers Co. Bank Reconciliation Cash balance according to bank statement Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance Cash balance according to company's records Add error in recording check as $710 instead of $170 Deduct bank service charge Adjusted balance 31,350 v Feedback reported for cash? c. Must a bank reconciliation always balance (reconcile)? Yes v Check My rk ent Score: 45.83% Type here to search 800

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