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1 On July 31, 2020, Crane Company had a cash balance per books of $6,190,00. The statement from Dakota State Bank on that date showed

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1 On July 31, 2020, Crane Company had a cash balance per books of $6,190,00. The statement from Dakota State Bank on that date showed a balance of $7.700.00. A comparison of the bank statement with the Cash account revealed the following facts The bank service charge for July was $25. 2. The bank collected $1,500 for Keeds Company through electronic funds transfer. The July 31 receipts of $1,200.00 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $361 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $316. 5. Checks outstanding on July 31 totaled $1.860.00 On July 31, the bank statement showed an NSF charge of S580 for a check received by the company from W. Krueger, a 6. customer, on account 3. 4. 5 6. (a) Prepare the bank reconciliation as of July 31 (List items that increase cash balance first. Round answers to 2 decimal places, s. 1.245.25) CRANE COMPANY Bank Reconciliation

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