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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
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 companys records at August 31, $18,257. |
2. | Cash balance according to the bank statement at August 31, $27,261. |
3. | Checks outstanding, $14,624. |
4. | Deposit in transit, not recorded by bank, $6,131. |
5. | A check for $58 in payment of an account was erroneously recorded in the check register as $580. |
6. | Bank debit memo for service charges, $11. |
Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.
Chart of Accounts
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Creative Design Co. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Journal
Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |
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1 |
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