The following information pertains to Family Video Company.

The following information pertains to Family Video Company.

1.  Cash balance per bank, July 31, $8,403.29.

2.  July bank service charge not recorded by the depositor $32.40.

3.  Cash balance per books, July 31, $8,427.59.

4.  Deposits in transit, July 31, $1,735.50.

5.  Bank collected $1,041.30 note for Family in July, plus interest $41.65, less fee $23.14. The collection has not been recorded by Family, and no interest has been accrued.

6.  Outstanding checks, July 31, $683.79.

Required:

• Prepare a bank reconciliation at July 31.

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