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Need help with bank reconciliation problem. Thanks. The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,463 2. July
Need help with bank reconciliation problem. Thanks.
The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,463 2. July bank service charge not recorded by the depositor $33 3. Cash balance per books, July 31, $7,484 4. Deposits in transit, July 31, $1,600 5. Bank collected $1,000 note for Crane in July, plus interest $41, less fee $25. The collection has not been recorded by Crane, and no interest has been accrued. 6. Outstanding checks, July 31, $596Step by Step Solution
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