Exercise 7-11 (Part Level Submission)

The following information pertains to Crane Video Company.

1.		Cash balance per bank, July 31, $7,763.
2.		July bank service charge not recorded by the depositor $37.
3.		Cash balance per books, July 31, $7,784.
4.		Deposits in transit, July 31, $1,750.
5.		Bank collected $1,150 note for Crane in July, plus interest $45, less fee $29. The collection has not been recorded by Crane, and no interest has been accrued.
6.		Outstanding checks, July 31, $600.

A. Prepare a bank reconciliation at July 31. (List items that increase cash balance first. Reconcile cash balance per bank first.)