Entries for Bank Reconciliation

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

1. Cash balance according to the company's records at August 31, $25,820.

2. Cash balance according to the bank statement at August 31, $26,890

3. Checks outstanding, $5,240.

4. Deposit in transit not recorded by bank, $4,210.

5. A check for $340 in payment of an account was erroneously recorded in the check register as $430.

6. Bank debit memo for service charges, $50.

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $25,820. 2. Cash balance according to the bank statement at August 31, $26,890. 3. Checks outstanding, $5,240. 4. Deposit in transit not recorded by bank, $4,210. 5. A check for $340 in payment of an account was erroneously recorded in the check register as $430. 6. Bank debit memo for service charges, $50. Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. a. 2016 Aug. 31 b. Aug. 31