The following information pertains to Crane Company.1.2.3.4.5.Cash balance per books, August 31, $7,424.Cash balance per bank, August 31, $7,388.Outstanding checks, August 31, $711.August bank service charge not recorded by the depositor $63.Deposits in transit, August 31, $3,860.In addition, $3,176 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has notbeen recorded by Crane Company. The following information pertains to Crane Company.1.2.3.4.5.Cash balance per books, August 31, $7,424.Cash balance per bank, August 31, $7,388.Outstanding checks, August 31, $711.August bank service charge not recorded by the depositor $63.Deposits in transit, August 31, $3,860.In addition, $3,176 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has notbeen recorded by Crane Company.

The bank reconciliation statement is prepared to find out the difference and reasons behind the bank…

Answered: Prepare a bank reconciliation at August…

Business

Accounting

Prepare a bank reconciliation at August 31, 2025. (List items that increase balance as per bank & books first.)

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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