The following information pertains to Concord Video Company.

1.		Cash balance per bank, July 31, $8,143.
2.		July bank service charge not recorded by the depositor $34.
3.		Cash balance per books, July 31, $8,164.
4.		Deposits in transit, July 31, $1,940.
5.		Bank collected $1,340 note for Concord in July, plus interest $42, less fee $26. The collection has not been recorded by Concord, and no interest has been accrued.
6.		Outstanding checks, July 31, $597.

(a)

New attempt is in progress. Some of the new entries may impact the last attempt grading.

Your answer is partially correct.

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

CONCORD 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 Cash balance per bank statementAdjusted cash balance per bankBank service chargeDeposits in transitCollection of note receivableOutstanding checks			$Enter a dollar amount
Select between addition and deduction LessAdd:	Select a reconciling item Outstanding checksDeposits in transitCash balance per bank statementCollection of note receivableAdjusted cash balance per bankBank service charge		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction AddLess:	Select a reconciling item Deposits in transitAdjusted cash balance per bankCollection of note receivableOutstanding checksCash balance per bank statementBank service charge		Enter a dollar amount
Select a closing name for section one Collection of note receivableOutstanding checksDeposits in transitBank service chargeAdjusted cash balance per bankCash balance per bank statement			$Enter a total amount for section one
Select an opening name for section two Outstanding checksDeposits in transitAdjusted cash balance per booksCash balance per booksCollection of note receivableBank service charge			$Enter a dollar amount
Select between addition and deduction LessAdd:	Select a reconciling item Outstanding checksDeposits in transitAdjusted cash balance per booksCollection of note receivableCash balance per booksBank service charge		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction LessAdd:	Select a reconciling item Deposits in transitCollection of note receivableOutstanding checksCash balance per booksAdjusted cash balance per booksBank service charge		Enter a dollar amount
Select a closing name for section two Deposits in transitCash balance per booksOutstanding checksBank service chargeCollection of note receivableAdjusted cash balance per books			$Enter a total amount for section two