Exercise 8-11 a-b (Video)

The following information pertains to Waterway Video Company.

1.		Cash balance per bank, July 31, $8,243.
2.		July bank service charge not recorded by the depositor $36.
3.		Cash balance per books, July 31, $8,264.
4.		Deposits in transit, July 31, $1,990.
5.		Bank collected $1,390 note for Waterway in July, plus interest $44, less fee $28. The collection has not been recorded by Waterway, and no interest has been accrued.
6.		Outstanding checks, July 31, $599.

Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) WATERWAY VIDEO COMPANY Bank Reconciliation