Reference no: EM133111571
Question - Entries for Bank Reconciliation - The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July:
1. Cash balance according to the company's records at July 31, $21,110.
2. Cash balance according to the bank statement at July 31, $22,280.
3. Checks outstanding, $4,290.
4. Deposit in transit, not recorded by bank, $3,440.
5. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950.
6. Bank debit memo for service charges, $40.
Required - Journalize the entries that should be made by the company, part (a) Error and part (b) Service Charge.
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: Cash balance according to the company's records at July 31, $21,110. Journalize the entries that should be made by the company
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