On July 31, 2022, Crane Company had a cash balance per books of $6,101.90. The statement from Dakota State Bank on that date showed a balance of $7,734.70. A comparison of the bank statement with the Cash account revealed the following facts.

1.		The bank service charge for July was $25.
2.		The bank collected $1,660.00 for Keeds Company through electronic funds transfer.
3.		The July 31 receipts of $1,232.50 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4.		Company check No. 2480 issued to L. Taylor, a creditor, for $382 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $328.
5.		Checks outstanding on July 31 totaled $1,863.30.
6.		On July 31, the bank statement showed an NSF charge of $579.00 for a check received by the company from W. Krueger, a customer, on account.

(a)

Prepare the bank reconciliation as of July 31. (List items that increase cash balance first. Round answers to 2 decimal places, e.g., 1,245.25.)

CRANE COMPANY Bank Reconciliation choose the accounting period For the Month Ended July 31, 2022For the Year Ended July 31, 2022July 31, 2022
select an opening name for section one Cash Balance Per Bank StatementDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BankElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480					$enter a dollar amount
select between addition and deduction AddLess:	select a reconciling item Cash Balance Per Bank StatementDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BankElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480				enter a dollar amount
					enter a subtotal of the two previous amounts
select between addition and deduction AddLess:	select a reconciling item Cash Balance Per Bank StatementDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BankElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480				enter a dollar amount
select a closing name for section one Cash Balance Per Bank StatementDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BankElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480					$enter a total amount for section one
select an opening name for section two Cash Balance Per BooksDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BooksElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480					$enter a dollar amount
select between addition and deduction AddLess:	select a reconciling item Cash Balance Per BooksDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BooksElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480				enter a dollar amount
					enter a subtotal of the two previous amounts
select between addition and deduction AddLess:
	select a reconciling item Cash Balance Per BooksDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BooksElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480		enter a dollar amount
	select a reconciling item Cash Balance Per BooksDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BooksElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480		enter a dollar amount
	select a reconciling item Cash Balance Per BooksDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BooksElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480		enter a dollar amount
					enter a subtotal of the three previous amounts
select a closing name for section two Cash Balance Per BooksDeposits in TransitOutstanding ChecksAdjusted Cash Balance Per BooksElectronic Funds Transfer ReceivedNSF CheckBank Service ChargeError in Recording Check No.2480					$enter a total amount for section two