The following information pertains to Bramble Video Company.

1.		Cash balance per bank, July 31, $8,063.
2.		July bank service charge not recorded by the depositor $36.
3.		Cash balance per books, July 31, $8,084.
4.		Deposits in transit, July 31, $1,900.
5.		Bank collected $1,300 note for Bramble in July, plus interest $44, less fee $28. The collection has not been recorded by Bramble, and no interest has been accrued.
6.		Outstanding checks, July 31, $599.

(a)

Correct answer iconYour answer is correct.

Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)

BRAMBLE VIDEO COMPANY Bank Reconciliation Choose the accounting period For the Month Ended July 31July 31For the Year Ended July 31
Select an opening name for section one Adjusted cash balance per bankCash balance per bank statementCollection of note receivableOutstanding checksDeposits in transitBank service charge			$Enter a dollar amount
Select between addition and deduction AddLess:	Select a reconciling item Adjusted cash balance per bankCash balance per bank statementDeposits in transitOutstanding checksBank service chargeCollection of note receivable		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction LessAdd:	Select a reconciling item Deposits in transitCash balance per bank statementOutstanding checksAdjusted cash balance per bankCollection of note receivableBank service charge		Enter a dollar amount
Select a closing name for section one Outstanding checksAdjusted cash balance per bankCash balance per bank statementDeposits in transitCollection of note receivableBank service charge			$Enter a total amount for section one
Select an opening name for section two Adjusted cash balance per booksCash balance per booksBank service chargeOutstanding checksDeposits in transitCollection of note receivable			$Enter a dollar amount
Select between addition and deduction AddLess:	Select a reconciling item Cash balance per booksBank service chargeOutstanding checksAdjusted cash balance per booksCollection of note receivableDeposits in transit		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction LessAdd:	Select a reconciling item Adjusted cash balance per booksCollection of note receivableCash balance per booksDeposits in transitBank service chargeOutstanding checks		Enter a dollar amount
Select a closing name for section two Collection of note receivableOutstanding checksDeposits in transitBank service chargeCash balance per booksAdjusted cash balance per books			$Enter a total amount for section two

eTextbook and Media

Assistance Used

List of Accounts

Attempts: 1 of 3 used

(b)

• Your Answer
• Correct Answer (Used)

Partially correct answer iconYour answer is partially correct.

Journalize the adjusting entries at July 31 on the books of Bramble Video Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
July 31	Enter an account title to record the collection of the note	Enter a debit amount	Enter a credit amount
	Enter an account title to record the collection of the note	Enter a debit amount	Enter a credit amount
	Enter an account title to record the collection of the note	Enter a debit amount	Enter a credit amount
	Enter an account title to record the collection of the note	Enter a debit amount	Enter a credit amount
	(To record the collection of the note.)
July 31	Enter an account title to record the bank service charge	Enter a debit amount	Enter a credit amount
	Enter an account title to record the bank service charge	Enter a debit amount	Enter a credit amount
	(To record the bank service charge.)