The following data were accumulated for use in reconciling the bank account of Mathers Co. or July: 1. Cash balance according to the company's records at July 31,$21,280. 2. Cash balance according to the bank statement at July 31,$22,450. 3. Checks outstanding, $4,320. 4. Deposit in transit, not recorded by bank, $3,470. 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, $40. ournalize the entries that should be made by the company, part (A) Error and part (B) Service Charge. a. July 31 b. July 31