Entries for Bank Reconciliation

The following data were accumulated for use in reconciling the bank account of Mathers Co$.$ for July:

Cash balance according to the company's records at July $31,$$$17,410.$

Cash balance according to the bank statement at July $31,$$$18,430.$

Checks outstanding, $$3,530.$

Deposit in transit, not recorded by bank, $$2,840.$

A check for $$590$ in payment of an account was erroneously recorded in the check register as $$950.$

Bank debit memo for service charges, $$30.$

Journalize the entries that should be made by the company, part $($A$)$ Error and part $($B$)$ Service Charge.

a$.$ July $31$

Accounts Payable $$

b$.$ July $31$ Miscellaneous Expense $$

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Keep in mind that the company needs to journalize any adjusting items in the company section of the bank reconciliation decrease Cash. If the company made an error that understates cash in the company section, the journal adjustment wou