E8.11 (LO 3) The following information pertains to Crane Video Company 1. Cash balance per...
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Accounting
E8.11 (LO 3) 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. Instructions 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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