Question
On August 31, Crane Company had an unadjusted cash balance of $10,300. An examination of the August bank statement shows a balance of $9,200
On August 31, Crane Company had an unadjusted cash balance of $10,300. An examination of the August bank statement shows a balance of $9,200 on August 31, bank service charges of $36, deposits in transit of $2.590, interest earned of $15, outstanding cheques of $1,701, and an NSF cheque of $190. Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) Crane Company Bank Reconciliation $ $
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
