The following information pertains to crane video company
Asked by maham237 @ in Business viewed by 352 People
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.