eBook Show Me How Print Item Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 209 1. Cash balance according to the company's records at August 31, $28,150. 2. Cash balance according to the bank statement at August 31, $29,590. 3. Checks outstanding, $5,710. 4. Deposit in transit not recorded by bank, $4,590. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $40. Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. a. 2016 Aug. 31 Cash Accounts Payable b. Aug. 31 Miscellaneous Expense Cash 8 Feedback Check My Work Keep in mind that the company needs to journalize any adjusting items in the company section of the bank reconcili recorded by the company. Debit memo items like bank service charges decrease Cash. If the company made an erro section, the journal adjustment would increase Cash