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Exercise 8-11 a-b (Part Level Submission) (Video) The following information pertains to Swifty Video Company 1. Cash balance
v (b) Joumalize the adjusting entries at July 31 on the books of Swifty Video Company. (Credit account titles are automatical
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Swifty Video Company
Journal entries
Date Account Title and Explanation Debit $ Credit $
July 31st Bank Charges          36.00
Cash          36.00
(To record bank charges)
July 31st Cash     1,314.00 This is $ 1,270+ $ 44
Notes Receivable     1,270.00
Interest Revenue          44.00
(To record the collection of note)
July 31st Bank Charges          28.00
Cash          28.00
(To record bank service charges)
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