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The following information pertains to Crane Video Company, 1. 2. 3. 4. 5. 6. Cash balance per bank, July 31, $7,503. D July bank
The following information pertains to Crane Video Company, 1. 2. 3. 4. 5. 6. Cash balance per bank, July 31, $7,503. D July bank service charge not recorded by the depositor $36. Cash balance per books, July 31, $7,524. Deposits in transit, July 31. $1,620, Bank collected $1,020 note for Crane in July, plus interest $44, less fee $28. The collection has not been recorded by Crane. and no interest has been accrued. Outstanding checks, July 31, $599, Cash balance per bank statement Add: Less Add July 31 Adjusted cash balance per bank Cash balance per books Less Deposits in transit Bank Reconciliation Outstanding checks W Collection of nute receivable Adjusted cash balance per book Bank service charge 7.500 1.620 9,123 599 8,524 7,524 1036 36 H560 Jounalize the adjusting entries at July 31 on the books of Crane Video Company. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation July 31 July 31 Cash Miscellaneous Expense Notes Receivable Interest Revenue (To record the collection of the note.) Miscellaneous Expense Cash (To record the bank service charge.) Debit 1,036 44 36 Credit 36
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