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On August 31, Crane Company had an unadjusted cash balance of $7,400. An examination of the August bank statement shows a balance of $6,230 on
On August 31, Crane Company had an unadjusted cash balance of $7,400. An examination of the August bank statement shows a balance of $6,230 on August 31, bank service charges of $25, deposits in transit of $2,670, interest earned of $10, outstanding cheques of $1,715, and an NSF cheque of $200. 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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