The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 2 1. Canh balanco nocording to the company's records at August 31, 821.131 Cash balance according to the bank statement of August 31, $27.606 2 Checks outstanding, $13,321 Deposit in transit, not recorded by bank, 87,200 A check for $51 in payment of an account was erroneously recorded in the check register as 8510 Bank dobit memo for service charges, 512 4 5 6 Joumalize the entry or entries that should be made by the company, Peter to the Chart of Accounts for exact wording of accounts Chart of Accounts CHART OF ACCOUNTS Creative Design Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 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 LIABILITIES 210 Accounts Payable Journalize the entry or entries that should be made by the company. Peter to the Chart of Accounts for exact wording of account olles MGE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DERIT CREDIT ASSETS LIABILITIES EQUITY 2 3 4