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Instructions The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. 2. 3. Cash balance according to the company's records at August 31, $24,556. Cash balance according to the bank statement at August 31, $31,856. Checks outstanding, $13,280. Deposit in transit, not recorded by bank, $6,392. Acheck for $48 in payment of an account was erroneously recorded in the check register as $480. Bank debit memo for service charges, $20. 4. 5. 6. 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 ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 510 Cost of Merchandise Sold 132 Interest Receivable 515 Credit Card Expense 141 Merchandise Inventory 145 Office Supplies 516 Cash Short and Over 146 Store Supplies 520 Salaries Expense 531 Advertising Expense 151 Prepaid Insurance 181 Land 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 535 Rent Expense 536 Repairs Expense LIABILITIES 210 Accounts Payable 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 221 Notes Payable 222 Interest Payable 231 Salaries Payable 710 Interest Expense 241 Sales Tax Payable JOURNAL Score: 0/51 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4

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