FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:
1. Cash balance according to the company’s records at July 31, $32,110.
2. Cash balance according to the bank statement at July 31, $31,350.
3. Checks outstanding, $2,870.
4. Deposit in transit, not recorded by bank, $4,150.
5. A check for $170 in payment of an account was erroneously recorded in the check register as $710.
6. Bank debit memo for service charges, $20.
 
Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.
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