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1. On July 31, 2022, Crane Company had a cash balance per books of $6,355.00. The statement from Dakota State Bank on that date showed

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1. On July 31, 2022, Crane Company had a cash balance per books of $6,355.00. The statement from Dakota State Bank on that date showed a balance of $7,905.80. A comparison of the bank statement with the Cash account revealed the following facts The bank service charge for July was $19.00. 2 The bank collected $1.630.00 for Crane Company through electronic funds transfer. The July 31 cash receipts of $1,309.30 were not included in the bank statement 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 $394.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $349.00 Checks outstanding on July 31 totaled $1.979.10. On July 31, the bank statement showed an NSF charge of $685.00 for a check received by the company from W.Krueger, a customer, on account. 3. 4. 5. 6. (a) Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.s. 52.75.) CRANE COMPANY Bank Reconciliation $ $ $ 5 e Textbook and Media

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