Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Maplewood Co. for July: Cash balance according to the company's records at July 31, $24, 810. Cash balance according to the bank statement at July 31, $26, 230. Checks outstanding, $5, 040. Deposit in transit, not recorded by bank, $4, 040. A check for $270 in payment of an account was erroneously recorded in the check register as $720. 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