Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) CRANE COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement 7388 Add Deposits in transit 2760 10148 Less V -689 Outstanding checks Adjusted cash balance per bank 9459 Cash balance per books 7424 Add V Collection on electronic funds transfer 2076 9500 Less V -41 Bank service charge Adjusted cash balance per books Click if you would like to Show Work for this question: Open Show Work 9459 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT (6) Joumalize the adjusting entries at August 31 on the books of Crane Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation July 31 Debit Credit (To record electronic funds transfer received by bank) July 31 (To record bank service charge) Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Exercise 7-08 (Part Level Submission) The following information pertains to Crane Company. 1. Cash balance per books, August 31, $7,424. 2. Cash balance per bank, August 31, $7,388. 3. Outstanding checks, August 31, $689. 4. August bank service charge not recorded by the depositor $41. 5. Deposits in transit, August 31, $2,760. In addition, $2,076 collected for Crane Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Crane Compan Your answer is correct. Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.) CRANE COMPANY Bank Reconciliation August 31, 2022 Cash balance per bank statement 7388 Add Deposits in transit 2760 10148 Less V Outstanding checks -689 Adjusted cash balance per bank 9459 Cash balance per books 7424 $ Add V Collection on electronic funds transfer 2076 9500 Less V Bank service charge -41 Adjusted cash balance per books 9459 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW