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Exercise 7-9 This information relates to the Cash account in the ledger of Crane Company Balance September 1-$20,450; Cash deposited-$64,000 Balance September 30-$21,650; Checks written-$62,800 The September bank statement shows a balance of $20,550 at September 30 and the following memoranda. Credits Debits Collection of electronic funds $2,370 NSF check: H. Kane $1,100 transfer 55 Safety deposit box Interest earned on checking 70 account rent At September 30, deposits in transit were $5,288 and outstanding checks totaled $2,933. Prepare the bank reconciliation at September 30, 2017 (List items that increase balance as per bank & books first.) CRANE COMPANY Bank Reconciliation