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Current Attempt in Progress The bank portion of the bank reconciliation for Crane Company at October 31, 2024, was as follows: Less: Outstanding cheques The
Current Attempt in Progress The bank portion of the bank reconciliation for Crane Company at October 31, 2024, was as follows: Less: Outstanding cheques The adjusted cash balance per bank agreed with the cash balance per books at October 31 . The November bank statement showed the following: CRANE COMPANY Bank Statement November 30, 2024 Cheques and Other Debits Additional information from the bank statement: 1. The EFT of $2,520 is an electronic transfer from a customer in payment of its account. The amount includes $90 of interest that Crane Company had not previously accrued. 2. The NSF for $230 is a $215 cheque from a customer, Windsor Holdings, in payment of its account, plus a $15 processing fee. The company's policy is to pass on all NSF service charges to the customer. 3. The LN is a payment of a note payable with the bank and consists of $220 interest and $2,000 principal. 4. At November 30 , the cash balance per books was $10,280. The bank did not make any errors. The cash records per books for November follow. Two errors were made by Crane Company. Prepare a bank reconciliation at November 30. (List items that increase bolance as per bank \& books first.)
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