Business, 21.04.2020 04:17 tiffany991223

The following information pertains to Crane Video Company:
1. Cash balance per bank, July 31, $7,263.
2. July bank service charge not recorded by the depositor $28.
3. Cash balance per books, July 31, $7,284.
4. Deposits in transit, July 31, $1,300.
5. Bank collected $700 note for Crane in July, plus interest $36, less fee $20. The collection has not been recorded by Crane, and no interest has been accrued.
6. Outstanding checks, July 31, $591.
A. Prepare a bank reconciliation at July 31.
B. Journalize the adjusting entries at July 31 on the books of Crane Video Company.

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The following information pertains to Crane Video Company:
1. Cash balance per bank, July 31,...

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