Entries for Note Collected by Bank Accompanying a bank statement for Santee Company is a credit memo for $34,510 representing the principal ($34,000) and interest ($510) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no entries. Journalize the entry that should be made by the company to bring the accounting records up to date. For a compound transaction, if an amount box does not require an entry, leave it blank.Entries for Bank Reconciliation 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, $14,970. 2. Cash balance according to the bank statement at July 31, $15,880. 3. Checks outstanding, $3,040. 4. Deposit in transit, not recorded by bank, $2,440. 5. A check for $590 in payment of an account was erroneously recorded in the check register as $950. 6. Bank debit memo for service charges, $50. Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge. a. July 31 . w _[:J [:J [:1 l b. July 31 .: [:J | VI