The following information pertains to Family Video Company.
1. Cash balance per bank, July 31, $9,950.31.
2. July bank service charge not recorded by the depositor $38.36.
3. Cash balance per books, July 31, $9,979.08.
4. Deposits in transit, July 31, $2,055.00.
5. Bank collected $1,233.00 note for Family in July, plus interest $49.32, less fee $27.40. The collection has not been recorded by Family, and no interest has been accrued.
6. Outstanding checks, July 31, $809.67.
Prepare a bank reconciliation at July 31. (Round answers to 2 decimal places, e.g. 10.50.)
Add:
Less:
Adjusted cash balance per bank
Add:
Less:
Adjusted cash balance per books
$
Journalize the adjusting entries at July 31 on the books of Family Video Company. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.Round answers to 2 decimal places, e.g. 10.50.)
Date Description/Account Debit Credit
July 31
(To record collection of note receivable by bank)
July 31