The reconciled cash balance from Crane Corporation's August 31 bank reconciliation was $43,920. Crane recorded the following events in the general ledger Cash account during the month of September: (1) (2) (3) (4) cheques totalling $223,000 were issued; salaries of $49,280 were electronically deposited to employee accounts; the monthly EFT payment of $3,230 was made for rent; and deposits totalled $251,510.

The reconciled cash balance from Crane Corporation's August 31 bank reconciliation was $43,920. Crane recorded the following events in the general ledger Cash account during the month of September: (1) (2) (3) (4) cheques totalling $223,000 were issued; salaries of $49,280 were electronically deposited to employee accounts; the monthly EFT payment of $3,230 was made for rent; and deposits totalled $251,510.

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 2E

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