E8-11 The following information pertains to Family Video Company.

1. Cash balance per bank, July 31, $7,263.

2. July bank service charge not recorded by the depositor $28.

3. Cash balance per books, July 31, $7,284.

4. Deposits in transit, July 31, $1,500.

5. Bank collected $900 note for Family in July, plus interest $36, less fee $20. The collection has not been recorded by Family, and no interest has been accrued.

6. Outstanding checks, July 31, $591.

Instructions

(a) Prepare a bank reconciliation at July 31.

(b) Journalize the adjusting entries at July 31 on the books of Family Video Company.

E8-12 The information below relates to the Cash account in the ledger of Robertson Company.

Balance September 1—$17,150; Cash deposited—$64,000.

Balance September 30—$17,404; Checks written—$63,746.

The September bank statement shows a balance of $16,422 on September 30 and the following memoranda.