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The following information pertains to Sheridan Video Company. 1. Cash balance per bank, July 31,$7,943. 2. July bank service charge not recorded by the depositor
The following information pertains to Sheridan Video Company. 1. Cash balance per bank, July 31,$7,943. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31,$7.964. 4. Deposits in transit, July 31,$1,840. 5. Bank collected $1,240 note for $ Seridan in July, plus interest $45, less fee $29. The collection has not been recorded by Sheridan, and no interest has been previously recorded. 6. Outstanding checks, July 31,$600. Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) Prepare a bank reconciliation at Julv 31. (List items that increace cash halanre firct) Joumalize the adjusting entries at July 31 on the books of Sheridan Video Compary. (Credit account titles are automatically indented when amount is entered. Do not indent manuaily.)
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