Accounting I & II (ACCT 221 & Assignment Gradebook ORION Downloadable eTextbook ercise 7-8 e following information pertains to Crane Company. Cash balance per bank, July 31, $8,488. July bank service charge not recorded by the depositor $63. Cash balance per books, July 31, $8,524. Deposits in transit, July 31, $3,860. 3,176 collected for Crane Company in July by the bank through electronic funds transfer. The collection has not been recorded by Crane Company Outstanding checks, July 31, $711. Credit July 31 July 31