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Crane Company is a very profitable small business, It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result. Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31,2025 , was $19,643.00. Outstanding checks were No. 62 for $143.00, No, 183 for $172.00, No. 284 for $255.00, No. 862 for $199.00, No. 863 for $227.00, and No. 864 for $211,00. Included with the statement was a credit memorandum of $250.00 indicating the collection of a note receivable for Crane Company by the bank on October 25 . This memorandum has not been recorded by Crane. The company's ledger showed one Cash account with a balance of $23,245.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,859.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. (a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books) (List items that increose balance as per bank \& books first. Round answers to 2 decimal ploces, e.s. 5,275.50J Question 3 of 3 CRANE COMPANY Bank Reconciliation Balance per bankstatudent Outstanderg checks $ Question 3 of 3 13