problem: The following data pertains to De-Vries firm.
[A] Cash balance per bank, July 31, $7,328.
[B] July bank service charge not recorded by the depositor $40.
[C] Cash balance per books, July 31, $7,280.
[D] Deposits in transit, July 31, $1,700.
[E] Note for $1,000 collected for DeVries in July by the bank, plus interest $36 less fee $20. The collection has not been recorded by Allied, and no interest has been accrued.
[F] Outstanding checks, July 31, $772.
(a) Create bank reconciliation at July 31, 2007.
(b) Journalize the adjusting entries at July 31 on the books of De-Vries firm.