Instructions Journal The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y8: 1. Joumalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles. 2. 3. 4. PAGE 1 Cash balance according to the company's records at August 31. $24.556 Cash balance according to the bank statement at August 31, 831,858. Checks outstanding. $13,280 Deposit in transit, not recorded by bank, 56,392. A check for $48 in payment of an account was erroneously recorded in the check register as $480 Bank debit memo for service charges, 520 JOURNAL ACCOUNTING EQUATION 5. 6. DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles. nart of Accounts 4 ASSETS 110 Cash REVENUE 410 Sales 610 Interest Revenue 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 148 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary