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. The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $8,143. 2. July bank service charge not recorded by

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The following information pertains to Crane 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 Crane in July, plus interest $42, less fee $26. The collection has not been recorded by Crane, and no interest has been accrued.
6. Outstanding checks, July 31, $597.
Prepare a bank reconciliation at July 31.(List items that increase cash balance first. Reconcile cash balance per bank first.)
CRANE VIDEO COMPANY Bank Reconciliation July 31
Adjusted cash balance per booksBank service chargeCash balance per bank statementCash balance per booksAdjusted cash balance per bankDeposits in transitOutstanding checksCollection of note receivable $
AddLess: Bank service chargeCollection of note receivableOutstanding checksCash balance per booksAdjusted cash balance per booksCash balance per bank statementAdjusted cash balance per bankDeposits in transit
LessAdd: Adjusted cash balance per booksBank service chargeCash balance per booksCash balance per bank statementAdjusted cash balance per bankOutstanding checksDeposits in transitCollection of note receivable
Collection of note receivableCash balance per booksCash balance per bank statementAdjusted cash balance per bankBank service chargeAdjusted cash balance per booksDeposits in transitOutstanding checks $
Adjusted cash balance per bankBank service chargeAdjusted cash balance per booksCollection of note receivableCash balance per bank statementCash balance per booksDeposits in transitOutstanding checks $
AddLess: Outstanding checksCash balance per booksCollection of note receivableCash balance per bank statementAdjusted cash balance per bankBank service chargeAdjusted cash balance per booksDeposits in transit
AddLess: Cash balance per bank statementDeposits in transitOutstanding checksCollection of note receivableBank service chargeAdjusted cash balance per bankCash balance per booksAdjusted cash balance per books
Collection of note receivableBank service chargeAdjusted cash balance per bankAdjusted cash balance per booksOutstanding checksCash balance per bank statementCash balance per booksDeposits in transit $
SHOW LIST OF ACCOUNTS
LINK TO TEXT

Journalize the adjusting entries at July 31 on the books of Crane Video Company.(Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record the collection of the note.) July 31 (To record the bank service charge.)

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