Entries for Bank Reconciliation

The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August $20$Y$9$:

a$.$ Cash balance according to the company's records at August $31,$$$6,865.$

b$.$ Cash balance according to the bank statement at August $31,$$$9,165.$

c$.$ Checks outstanding, $$2,855.$

d$.$ Deposit in transit, not recorded by bank, $$1,075.$

e$.$ A check for $$280$ issued in payment of an account to a supplier was erroneously recorded by Wolfpack Bread Inc. as $$820.$

f$.$ Bank debit memo for service charges, $$20.$

account decreases and cash outflows as negative amounts.

Increase in Cash

Decrease in Cash