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Prepare a bank reconciliation at july

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Reference no: EM131779512

Question - The following information pertains to Family Video Company.

1. Cash balance per bank, July 31, $8,228.98.

2. July bank service charge not recorded by the depositor $31.72.

3. Cash balance per books, July 31, $8,252.77.

4. Deposits in transit, July 31, $1,699.50.

5. Bank collected $1,019.70 note for Family in July, plus interest $40.79, less fee $22.66. The collection has not been recorded by Family, and no interest has been accrued.

6. Outstanding checks, July 31, $669.60.

Required -

Prepare a bank reconciliation at July 31.

Journalize the adjusting entries at July 31 on the books of Family Video Company.

Reference no: EM131779512

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