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Exercise 8-11 (Part Level Submission) The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,263. 2. July bank service

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Exercise 8-11 (Part Level Submission) The following information pertains to Crane Video Company. 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 collection has not been recorded by Crane, and no interest has been accrued 6. Outstanding checks, July 31, $591. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CRANE VIDEO COMPANY Bank Reconciliation July 31

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