On July 31, Crane Ltd. had a cash balance of $10,610 in its general ledger. The bank statement from the Caisse Populaire on that date showed a balance of $17,828. A comparison of the bank statement with the Cash account revealed the following: 1. The bank statement included service charges and debit and credit card processing fees of $92. 2. The bank statement included electronic collections from customers on account totalling $4,290. Crane had not recorded the EFT. 3. A deposit of $2,540 made by another company was incorrectly added to Crane's account by the Caisse Populaire. 4. Salaries of $3,440 were paid electronically during the month. The company has already recorded these. 5. Cheques outstanding on June 30 totalled $2,250. Of these, $1,770 worth cleared the bank in July. All cheques written in July cleared the bank in July. CRANE LTD. Bank Reconciliation July 31 Cash balance per bank statement $ Less 0: Deposit incorrectly posted by bank $ Outstanding cheques Cash balance per bank statement 5 Add : EFT collections Cash balance per bank statement $ Add : EFT collections Less