ACCOUNTING-The following information pertains to Family Video Company?

The following information pertains to Family Video Company.

a.)Prepare a bank reconciliation at July 31.
Balance Per Bank $7,263
Add Deposits in Transit $1,500
Less Outstanding Checks $591
Equals Adjusted Balance per Bank $8,172
Balance Per Books $7,284
Less Bank Service Charges $28
Add Note Collected $900
Add Interest on Note Collected $36
Less Fee for Note Collection $20
Equals Adjusted Balance per Books $8,172
b.)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.)
To Record Bank Service Fees:
Debit Bank Fees Expense $28
Credit Cash $28
To Record the Collection of Notes Receivable:
Debit Cash $916
Debit Bank Fees Expense $20
Credit Notes Receivable $900
Credit Interest Income $36

(a) practice a financial employer reconciliation at July 31. (Reconcile the financial employer stability first and then the e book stability.) worth VIDEO employer financial employer Reconciliation a million. money stability according to financial employer, July 31, $7,773 upload: Deposit in transit a million,740 much less: superb tests, July 31, (627) Adjusted money stability according to financial employer &8,886 money stability according to books upload: number of notes receivable $a million,040 number of interest 40 two much less: financial employer service charge (34) notice sequence fee (26) Adjusted money stability according to books $9,902 (b) Journalize the adjusting entries at July 31 on the books of worth Video employer. (credit account titles are promptly indented while quantity is entered. do no longer indent manually.) July 31 Dr money a million,020 Dr financial employer charge rate 34 Dr Miscellaneous rate 26 Cr Notes Receivable a million,040 Cr interest revenues 40 two

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