E7.11 (LO 3) The following information pertains to Crane Video (amounts in thousands). 1. Cash balance per bank, July 31 , HK $7,263. 2. July bank service charge not recorded by the depositor HK\$28. 3. Cash balance per books, July 31 , HK $7,284. 4. Deposits in transit, July 31 , HK $1,300. 5. Bank collected HK $700 note for Crane in July, plus interest HK\$36, less fee HK\$20. The collection has not been recorded by Crane, and no interest has been accrued. 6. Outstanding checks, July 31 , HK $591. Instructions a. Prepare a bank reconciliation at July 31 . b. Journalize the adjusting entries at July 31 on the books of Crane Video