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The following information pertains to Crane Video Company. Cash balance per bank, July 31, $8, 043. July bank service charge not recorded by the depositor
The following information pertains to Crane Video Company. Cash balance per bank, July 31, $8, 043. July bank service charge not recorded by the depositor $33. Cash balance per books, July 31, $8, 064. Deposits in transit, July 31, $1, 890. Bank collected $1, 290 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. Outstanding checks, July 31, $596. Prepare a bank reconciliation at July 31. Journalize the adjusting entries at July 31 on the books of Crane Video Company
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