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Entries for bank reconciliation The following data were accumulated for use in reconciling the...

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Accounting

Entries for bank reconciliation
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:
Cash balance according to the company's records at August 31,$22,550.
Cash balance according to the bank statement at August 31, $23,840.
Checks outstanding, $4,580.
Deposit in transit not recorded by bank, $3,680.
A check for $270 in payment of an account was erroneously recorded in the check register as $720.
Bank debit memo for service charges, $60.
Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. If an amount box does not require an entry, leave it bla
a.20Y6 August 31
Cash
b. August 31
AccountsPayableCash450
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