The following data for use in reconciling the bank account o

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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