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Journalize the adjusting entries

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Question - The following information pertains to Crane Video Company.

1. Cash balance per bank, July 31, $8,003.

2. July bank service charge not recorded by the depositor $36.

3. Cash balance per books, July 31, $8.024.

4. Deposits in transit, July 31, $1,870.

5. Bank collected $1,270 note for Crane in July, plus interest $44, less fee $28. The collection has not recorded by Crane, and no interest has been accrued.

6. Outstanding checks, July 31, $599.

Required - Journalize the adjusting entries at July 31 on the books of Crane Video Company.

Reference no: EM131593133

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