Entries for 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,$25,930. 2. Cash balance according to the bank statement at July 31,$27,280. 3. Checks outstanding, $5,260. 4. Deposit in transit, not recorded by bank, $4,230. 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, $40