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,$16,270. 2. Cash balance according to the bank statement at July 31,$17,220. 3. Checks outstanding, $3,300. 4. Deposit in transit, not recorded by bank, $2,650. 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, $60. Journalize the entries that should be made by the company, Journalize the entries to record the following: a. Check is issued to establish a petty cash fund of $1,100. b. The amount of cash in the petty cash fund is now $396. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $408; miscellaneous selling expense, $169; miscellaneous administrative expense, $106. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,100, record the discrepancy in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. b. Journalize the entry to replenish the petty cash fund, For a compound transaction, if an amount box does not require an entry, leave it blank