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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

image text in transcribedimage text in transcribed 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 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 calculation would prove your adjusted cash balance would be: a. 6900+1010-30 b. 7200+1500-820 c. 6900+1010-820 d. non of the above 2.24 points

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