Reference no: EM133182737

Question - Bank Reconciliation - The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016:

1. Cash balance according to the company's records at August 31, $27,720.

2. Cash balance according to the bank statement at August 31, $28,880.

3. Checks outstanding, $5,630.

4. Deposit in transit, not recorded by bank, $4,520.

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, $40.

Required - Prepare a bank reconciliation, using the format.