Entries for bank reconciliation Instructions Chart of Accounts Journal Instructions The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according ta the company's records at July 31, S24,556. 2. 3 Cash balance according to the bank statement at July 31, $31.856. Checks outstanding, $13,280. Deposit in transit, not recorded by bank, $6,392. 4. 5. A check for $48 in payment of an account was erroneously recorded in the check register as $480. Bank debit memo for service charges, $20. Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 132 Interest Receivable 510 Cost of Merchandise Sold 141 Merchandise Inventory 515 Credit Card Expense 145 Office Supplies 516 Cash Short and Over 146 Store Supplies 520 Salaries Expense 151 Prepaid Insurance 531 Advertising Expense 532 Delivery Expense 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 533 Insurance Expense 534 Office Supplies Expense 193 Store Equipment 535 Rent Expense 194 Accumulated Depreciation-Store Equipment 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense LIABILITIES 210 Accounts Payable 561 Depreciation Expense-Office Equipment 221 Notes Payable 562 Depreciation Expense-Store Equipment 222 Interest Payable 590 Miscellaneous Expense 231 Salaries Payable 710 Interest Expense 241 Sales Tax Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION ACCOUNTING FOLLATION ASSETS LIABILITIES EQUITY POST. REF. DEBIT CREDIT 1 2 3 4