Crane Video Company has the following activity in July: 1. Cash balance per bank July 31 is $7200 2. July bank service charge is $30 4 3. Cash balance per books July 31 is $6,900 4. Deposits in transit July 31 are $1,500 5. Bank collected $1,000 note for Crane in July, plus interest $30, less service fee of $20. 6. Outstanding checks for July were $820. What would be the true adjusted cash balance: The entry to record the Outstanding Checks would be: a. Cash (Debit) 820 Accounts Receivable (Credit) 820 Ob. no entry required Oc. Accounts Payable (Debit) 820 Cash (Credit) Od. Misc Exp (Debit) Cash (Credit) 820 820 820