Locator progressise Show Me C Entries for Reconcion The following data were accurated for use in reconciling the bank account of Creative Design Co. for August 2016 1. Cash balance according to the company records at August 31, 124,240 2. Cash balance according to the women at August 31, 25.550 3. Check outstanding, 14,920 4. Deposit in transit, not recorded by ban 53,550 5. A check for $50 in payment of an account wat erroneonly recorded in the check register as 1950 6. Bank debit me for service charges 540 Journalize the entire that should be made by the company that (a) increase cash and by decrease cach 2016 Aug 31 Accounts Payabilex 90 x Cash Sherrer x 950 x Aug 31 Miscellaneous Espen Check Keep in mind that the company needs to many adjusting items in the company section of the bank reconciliation, because these are not been previously recorded by the company Debit memorie Bank service charges decrease Cash It the company made an error that understates cash in the company section, the journal adjustment would increase Cash Learning Objectives