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, $23,160.

Cash balance according to the bank statement at August 31, $24,400.

Checks outstanding, $4,700.

Deposit in transit not recorded by bank, $3,780.

A check for $480 in payment of an account was erroneously recorded in the check register as $840.

Bank debit memo for service charges, $40.

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, $23,160 2. Cash balance according to the bank statement at August 31, $24,400. 3. Checks outstanding, $4,700. 4. Deposit in transit not recorded by bank, $3,780. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $40 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