Question 17 of 19 - / 20 a Current Attempt in Progress The following information is for Cullumber Video Company: 1 2 3. 4 Cash balance per bank, July 31, $7.620. July bank service charge not recorded by the depositor. $32. Cash balance per books, July 31, $7,520. Deposits in transit, July 31, $1.140. Bank collected $720 note for Cullumber in July, plus interest $34, less fee $32. The collection has not been recorded by Cullumber, and no interest has been accrued. Outstanding cheques, July 31, $550. 5. 6. Prepare a bank reconciliation at July 31 (List items that increase balance as per bank & books first.) CULLUMBER VIDEO COMPANY Bank Reconciliation July 31 $ $ $ $ Journalize the adjusting entries at July 31 on the books of Cullumber Video Company. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Account Titles and Explanation No. July 31 (To record the bank service charge) July 31 (To record the collection of the note) CULLUMBER BankR Adjusted cash balance per bank Collection of note receivable Collection of interest revenue Bank service charge Cash balance per bank statement Deposits in transit Outstanding cheques