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The following information is for Cullumber Video Company: 1. Cash balance per bank, July 31, $7,100. 2. July bank service charge not recorded by the
The following information is for Cullumber Video Company: 1. Cash balance per bank, July 31, $7,100. 2. July bank service charge not recorded by the depositor, $44. 3. Cash balance per books, July 31, $7,120. 4. Deposits in transit, July 31, $1,000. 5. Bank collected $570 note for Cullumber in July, plus interest $40, less fee $36. The collection has not been recorded by Cullumber, and no interest has been accrued. 6. Outstanding cheques, July 31, $450. CULLUMBER VIDEO COMPANY Bank Reconciliation July 31 $ $ $ $ $ No. Account Titles and Explanation Debit Credit July 31 (To record the bank service charge) July 31
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