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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

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, $23,250.
Cash balance according to the bank statement at July 31, $24,220.
Checks outstanding, $4,720.
Deposit in transit, not recorded by bank, $3,790.
A check for $340 in payment of an account was erroneously recorded in the check register as $430.
Bank debit memo for service charges, $50.
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Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash.
(a)
(b)

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