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 $24,280. 2. Cash balance according to the bank statement at July 31, $25,560. 3. Checks outstanding, $4,930. 4. Deposit in transit, not recorded by bank, $3,960. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950 6. Bank debit memo for service charges, $50