From bank reconciliation: the Check No. 210 for $594 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $549. Record the correcting entry: Newman Stores accepts its own credit cards. Jan. 15 Made Newman credit card sales totaling $15,000. Feb. 15 Added an interest of 1% to Newman credit card balance. Record entry of Feb. 15