Exercise 8-11 The following information pertains to Crane Video Company.

1.	Cash balance per bank, July 31, $7,735.
2.	July bank service charge not recorded by the depositor $37.
3.	Cash balance per books, July 31, $7,756.
4.	Deposits in transit, July 31, $1,736.
5.	Bank collected $1,136 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.

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

CRANE VIDEO COMPANY Bank Reconciliation July 31
Collection of note receivableBank service chargeAdjusted cash balance per bankCash balance per bank statementOutstanding checksDeposits in transit	$
AddLess:	Deposits in transitBank service chargeAdjusted cash balance per bankOutstanding checksCollection of note receivableCash balance per bank statement
LessAdd:	Cash balance per bank statementCollection of note receivableBank service chargeAdjusted cash balance per bankDeposits in transitOutstanding checks
Bank service chargeCash balance per bank statementOutstanding checksAdjusted cash balance per bankCollection of note receivableDeposits in transit	$
Bank service chargeCollection of note receivableAdjusted cash balance per booksOutstanding checksCash balance per booksDeposits in transit	$
AddLess:	Collection of note receivableBank service chargeDeposits in transitAdjusted cash balance per booksCash balance per booksOutstanding checks
LessAdd:	Bank service chargeCash balance per booksOutstanding checksCollection of note receivableDeposits in transitAdjusted cash balance per books
Adjusted cash balance per booksCash balance per booksCollection of note receivableDeposits in transitOutstanding checksBank service charge	$

SHOW LIST OF ACCOUNTS
LINK TO TEXT

Journalize the adjusting entries at July 31 on the books of Crane Video Company.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

July 31

(To record the collection of the note.)

July 31

(To record the bank service charge.)