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Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $22,270. Cash balance according to the bank statement at August 31, $23,490. Checks outstanding, $4,520. Deposit in transit not recorded by bank, $3,630. 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 that (a) increase cash and (b) decrease cash.

a. 20Y6 Aug. 31

b. Aug. 31

  • Accounts Payable
  • Accounts Receivable
  • Cash
  • Petty Cash
  • Service Revenue

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