Exercise 7-11 The following information pertains to Crane Video Company 1. Cash balance per bank, July 31, $7,503 2. July bank service charge not recorded by the depositor $36. 3. Cash balance per books, July 31, $7,524 4. Deposits in transit, July 31, $1,620 5. Bank collected $1,020 note for Crane in July, plus interest $44, less fee $28. The collection has not been recorded by Crane, and no interest has been accrued 6. Outstanding checks, July 31, $599