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Journalize the adjusting entries at July 31 on the books of Sunland Video company. The following information pertains to Sunland Video Company 1. Cash balance
Journalize the adjusting entries at July 31 on the books of Sunland Video company. The following information pertains to Sunland 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 Sunland in July, plus interest $44, less fee $28. The collection has not been recorded by Sunland, and no interest has been accrued 6. Outstanding checks, July 31, $599 Debit Credit No. Account Titles and Explanation July 31 (To record the collection of the note.) July 31 (To record the bank service charge.)
Journalize the adjusting entries at July 31 on the books of Sunland Video company.
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