accounting homework help

timer Asked: Apr 22nd, 2015

Question description

The following data for use in reconciling the bank account of Maplewood Co. for July:

Cash balance according to the company's records at July 31, $17,360. Cash balance according to the bank statement at July 31, $18,460. Checks outstanding, $3,520. Deposit in transit, not recorded by bank, $2,830. A check for $270 in payment of an account was erroneously recorded in the check register as $720. Bank debit memo for service charges, $40.

journalize entries should (a) increase cash and (b) decrease cash

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