1. Cash balance per bank, July 31, $ 7,263. 2. July bank service charge not recorded by the depositor $ 28. 3. Cash balance per books, July 31, $ 7,284. 4. Deposits in transit, July 31, $ 1,300. 5. Bank collected $ 700 note for Crane in July, plus interest $ 36, less fee $ 20. The collection has not been recorded by Crane, and no interest has been accrued. 6. Outstanding checks, July 31, $ 591. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CRANE VIDEO COMPANY Bank Reconciliation Choose the accounting period Select an opening name for section one $ Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section one $ Enter a total amount for section one Select an opening name for section two $ Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section two $ Enter a total amount for section two
1. Cash balance per bank, July 31, $ 7,263. 2. July bank service charge not recorded by the depositor $ 28. 3. Cash balance per books, July 31, $ 7,284. 4. Deposits in transit, July 31, $ 1,300. 5. Bank collected $ 700 note for Crane in July, plus interest $ 36, less fee $ 20. The collection has not been recorded by Crane, and no interest has been accrued. 6. Outstanding checks, July 31, $ 591. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CRANE VIDEO COMPANY Bank Reconciliation Choose the accounting period Select an opening name for section one $ Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section one $ Enter a total amount for section one Select an opening name for section two $ Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section two $ Enter a total amount for section two
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| 1. | Cash balance per bank, July 31, $ 7,263. | |
| 2. | July bank service charge not recorded by the depositor $ 28. | |
| 3. | Cash balance per books, July 31, $ 7,284. | |
| 4. | Deposits in transit, July 31, $ 1,300. | |
| 5. | Bank collected $ 700 note for Crane in July, plus interest $ 36, less fee $ 20. The collection has not been recorded by Crane, and no interest has been accrued. | |
| 6. | Outstanding checks, July 31, $ 591. |
(a)
Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)
|
CRANE VIDEO COMPANY
Bank Reconciliation Choose the accounting period |
|||
|---|---|---|---|
|
Select an opening name for section one
|
$ Enter a dollar amount
|
||
|
Select between addition and deduction :
|
Select a reconciling item
|
Enter a dollar amount | |
|
Enter a subtotal of the two previous amounts
|
|||
|
Select between addition and deduction :
|
Select a reconciling item
|
Enter a dollar amount | |
|
Select a closing name for section one
|
$ Enter a total amount for section one
|
||
|
Select an opening name for section two
|
$ Enter a dollar amount
|
||
|
Select between addition and deduction :
|
Select a reconciling item
|
Enter a dollar amount | |
|
Enter a subtotal of the two previous amounts
|
|||
|
Select between addition and deduction :
|
Select a reconciling item
|
Enter a dollar amount | |
|
Select a closing name for section two
|
$ Enter a total amount for section two
|
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