The following data were accumulated for use in reconciling the bank account of Creative Design Co....
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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, $20,014. 2. Cash balance according to the bank statement at August 31, $28,514. 3. Checks outstanding, $14,232. 4. Deposit in transit not recorded by bank, $6,214. 5. 6. A check for $55 in payment of an account was erroneously recorded in the check register as $550. Bank debit memo for service charges, $13. Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles. 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, $20,014. 2. Cash balance according to the bank statement at August 31, $28,514. 3. Checks outstanding, $14,232. 4. Deposit in transit not recorded by bank, $6,214. 5. 6. A check for $55 in payment of an account was erroneously recorded in the check register as $550. Bank debit memo for service charges, $13. Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.
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