InstructionsThe 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, $22,569.Cash balance according to the bank statement at August 31, $29,187.3.Checks outstanding, $13,346.Deposit in transit not recorded by bank, $7,087.A check for $42 in payment of an account was erroneously recorded in the check register as $420.6.Bank debit memo for service charges, $19.Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.1.2.m4.5.

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Business

Accounting

Journalize the entry or entries that should be made by the company. Refer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Instructions
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, $22,569.
Cash balance according to the bank statement at August 31, $29,187.
3.
Checks outstanding, $13,346.
Deposit in transit not recorded by bank, $7,087.
A check for $42 in payment of an account was erroneously recorded in the check register as $420.
6.
Bank debit memo for service charges, $19.
Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.
1.
2.
m4.
5.

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