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The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,843. 2. July bank service charge not recorded by the

The following information pertains to Crane Video Company.
1. Cash balance per bank, July 31, $7,843.
2. July bank service charge not recorded by the depositor $33.
3. Cash balance per books, July 31, $7,864.
4. Deposits in transit, July 31, $1,790.
5. Bank collected $1,190 note for Crane in July, plus interest $41, less fee $25. The collection has not been recorded by Crane, and no interest has been accrued.
6. Outstanding checks, July 31, $596.
Prepare a bank reconciliation at July 31.(List items that increase cash balance first.)
CRANE VIDEO COMPANY Bank Reconciliation July 31
Bank service chargeCash balance per bank statementAdjusted cash balance per bankDeposits in transitOutstanding checksCollection of note receivable $
AddLess: Cash balance per bank statementCollection of note receivableAdjusted cash balance per bankBank service chargeDeposits in transitOutstanding checks
LessAdd: Cash balance per bank statementCollection of note receivableBank service chargeAdjusted cash balance per bankOutstanding checksDeposits in transit
Cash balance per bank statementAdjusted cash balance per bankCollection of note receivableBank service chargeDeposits in transitOutstanding checks $
Cash balance per booksBank service chargeAdjusted cash balance per booksDeposits in transitOutstanding checksCollection of note receivable $
LessAdd: Bank service chargeCollection of note receivableCash balance per booksAdjusted cash balance per booksDeposits in transitOutstanding checks
AddLess: Outstanding checksCollection of note receivableBank service chargeCash balance per booksAdjusted cash balance per booksDeposits in transit
Adjusted cash balance per booksDeposits in transitCollection of note receivableOutstanding checksBank service chargeCash balance per books $
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.)
No. 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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