Instructions 1. Cash balance according to the company's records at July 31, $24.403. 2. Cash balance according to the bank statement at July 31, S31, 504. 3. Checks outstanding, 513,345 4. Deposit in transit, not recorded by bank, $8,727. 5. A check for $55 in payment of an account was erroneously recorded in the check register as 5550. Bank debit memo for service charges, $12 Joumalize the entry or entries that should be made by the company Refer to the Chart of Accounts for exact wording of account titles