At April 30, the bank reconciliation of Crane Company shows three outstanding checks: No. 254 $735, No. 255 $1,030, and No. 257 $495. The May bank statement and the May cash payments journal are given here.

Exercise 7-7 At April 30, the bank reconciliation of Crane Company shows three outstanding checks: No. 254 $735, No. 255 $1,030, and No. 257 $495. The May bank statement and the May cash payments journal are given here. Bank Statement Checks Paid Date Check No. Amount 5-4 S-2 5-17 5-12 5-20 S-29 5-30 254 257 258 259 260 263 262 $735 495 180 295 1,225 500 750