Exercise 7-8 The following information pertains to Crane Company. Cash balance per bank, July 31, $7,388. July bank service charge not recorded by the depositor $41. Cash balance per books, July 31, $7,424. Deposits in transit, July 31, $2,760. $2,076 collected for Crane Company in July by the bank through electronic funds trans Outstanding checks, July 31, $689. 1. 2. 3. 4. 5. 6. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per CRANE COMPANY Bank Reconciliation SHOW LIST OF ACCOUNTS

Exercise 7-8 The following information pertains to Crane Company. Cash balance per bank, July 31, $7,388. July bank service charge not recorded by the depositor $41. Cash balance per books, July 31, $7,424. Deposits in transit, July 31, $2,760. $2,076 collected for Crane Company in July by the bank through electronic funds trans Outstanding checks, July 31, $689. 1. 2. 3. 4. 5. 6. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per CRANE COMPANY Bank Reconciliation SHOW LIST OF ACCOUNTS

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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