Exercise 8-11 The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,723. 2. July bank service charge not recorded by the depositor $34. 3. Cash balance per books, July 31, $7,744. 4. Deposits in transit, July 31, $1,730. 5. Bank collected $1,130 note for Crane in July, plus interest $42, less fee $26. The collection has not been recorded by Crane, and no interest has been accrued. 6. Outstanding checks, July 31, $597. Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CRANE VIDEO COMPANY Bank Reconciliation July 31