The following information pertains to Sheridan Video Company. 1. 2. 3. 4. Cash balance per bank, July 31, $7,743. July benk service charge not recorded by the depositor $36. Cash balance per books, July 31, $7,764. Deposits in transit July 31, $1,740. Bank collected $1,140 note for Sheridan in July.plus interest $44. less fee $28. The collection has not been recorded by Sheridan, and no interest has been previously recorded. Outstanding checks, July 31, $599. 5. 6. Your answer is correct. Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) SHERIDAN VIDEO COMPANY Bank Reconciliation July 31 Cash balance per bank statement 7743 Add : Deposits in transit 1740 9483 Less V: Outstanding checks -599 Adjusted cash balance per bank 8884 Cash balance per books 7764 Add Collection of note recelvable 1156 8920 Less : Bank service charge -36 i Adjusted cash balance per books $ 8884 Your answer is partially correct. Journalize the adjusting entries at July 31 on the books of Sheridan 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 Bank Charges Expense 36 Cash 36 TUN DOOD (To record the collection of the note.) July 31 Cash 1156 Notes Receivable 1156 (To record the bank service charge.)