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The following information pertains to Family Video Company.

Cash balance per bank, July 31, $7,865.83.
July bank service charge not recorded by the depositor $30.32.
Cash balance per books, July 31, $7,888.57.
Deposits in transit, July 31, $1,624.50.
Bank collected $974.70 note for Family in July, plus interest $38.99, less fee $21.66. The collection has not been recorded by Family, and no interest has been accrued.
Outstanding checks, July 31, $640.05.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956314

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