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number 5 Entries for Bank Reconcitiation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:
number 5
Entries for Bank Reconcitiation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $19,070. 2. Cash balance according to the bank statement at August 31, $20,160. 3. Checks outstanding, $3,870. 4. Deposit in transit, not recorded by bank, $3,110. 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, $30. Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. a. 20Y6 Aug. 31 > b. Aug. 31 Check My Work 3 more Check My Work uses remaining
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