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Prepare bank reconciliation and related entries. (LO4) AP The following information is for Crane Video Company 1. Cash balance per bank, July 31, $7,263 2.
Prepare bank reconciliation and related entries. (LO4) AP The following information is for Crane Video Company 1. Cash balance per bank, July 31, $7,263 2. July bank service charge not recorded by the depositor, S28 3. Cash balance per books, July 31, $7,284 4. Deposits in transit, July 31, S1,300 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 cheques, July 31, $591 Instructions (a) Prepare a bank reconciliation at July 31 (b) Journalize the adjusting entries at July 31 on the books of Crane Video Company
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