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E7-10 The following information is for Crane Video Compa ny: 1. Cash balance per bank, July 31, $7,263 2. July bank service charge not recorded

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E7-10 The following information is for Crane Video Compa ny: 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, $1,300 5. Bank collected $700 note for Crane in July, plus interest $36, less fee $20. The co collection has not been by Crane, and no interest has been accrued 6. Outstanding cheques, July 31, $591. Instructions (a) Prepare a bank reconciliation at July 31 (b) Journalize the adjusting entries at July 31 on the books of Crane Video Compar

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