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The following information is for Oriole Video Company: 1.Cash balance per bank, July 31, $7,690. 2.July bank service charge not recorded by the depositor, $46.

The following information is for Oriole Video Company:
1.Cash balance per bank, July 31, $7,690.
2.July bank service charge not recorded by the depositor, $46.
3.Cash balance per books, July 31, $7,700.
4.Deposits in transit, July 31, $1,240.
5.Bank collected $700 note for Oriole in July, plus interest $40, less fee $34. The collection has not been recorded by Oriole, and no interest has been accrued.
6.Outstanding cheques, July 31, $570.
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The following information is for Oriole Video Company: 1. Cash balance per bank, July 31, $7,690. 2. July bank service charge not recorded by the depositor, $46. 3. Cash balance per books, July 31, $7,700. 4. Deposits in transit, July 31, $1,240. 5. Bank collected $700 note for Oriole in July, plus interest $40, less fee $34. The collection has not been recorded by Oriole, and no interest has been accrued. 6. Outstanding cheques, July 31, $570. ORIOLE VIDEO COMPANY Bank Reconciliation July 31 Cash balance per bank statement 7690 Add Deposits in transit 1240 8930 Less Outstanding cheques 570 Adjusted cash balance per bank 8360 Cash balance per books 7700 Add Collection of note receivable 700 Collection of interest revenue 40 740 8440 Less V Bank service charge 46 Adjusted cash balance per books 8394 Journalize the adjusting entries at July 31 on the books of Oriole Video Company. (Credit account titles a Do not Indent manually. If no entry is required, select "No Entry" for the account titles and ente Debit Credit No. Account Titles and Explanation July 31 (To record the bank service charge) July 31 (To record the collection of the note)

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