Entries for Bank Reconcillation The following data were accumulated for use in reconciling the bank account of Mathers Co, for July: 1. Cash balance according to the company's records at July 31,$21,480. 2. Cash balance according to the bank statement at July 31,$22,390. 3. Checks outstanding, $4,360. 4. Deposit in transit, not recorded by bank, $3,500. 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, $40