- The Following Data Were Accumulated For Use In Reconciling The Bank Account Of Creative 1 Cash Balance According To The 1 (39.2 KiB) Viewed 16 times
The following data were accumulated for use in reconciling the bank account of Creative 1. Cash balance according to the
company's records at August 31, $32,560. 2. Cash balance according to the bank
statement at August 31, $46,300. 3. Checks outstanding, $28,540. 4. Deposit in transit not recorded by bank, $16,375. 5. A check for $180 in payment of an account was erroneously recorded in the check 6. Bank debit memo for service charges, $45. 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 Add: Deposit in transit on August 31 Deduct: Outstanding checks 46,300 1,635 28,540 Adjusted balance Cash balance according to
company's records $ 32,560 Adjusted balance 10000 X