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Problem 7-3A (Part Level Submission) On July 31, 2017, Crane Company had a cash balance per books of $6,300.00. The statement from Dakota State Bank

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Problem 7-3A (Part Level Submission) On July 31, 2017, Crane Company had a cash balance per books of $6,300.00. The statement from Dakota State Bank on that date showed a balance of $7,850.80. A comparison of the bank statement with the Cash account revealed the following facts 1. The bank service charge for July was $19.00. 2. The bank collected $1,680.00 for Crane Company through electronic funds transfer. 3. The July 31 receipts of $1,359.30 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 $394.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $349.00. 5. Checks outstanding on July 31 totaled $2,029.10. 6. On July 31, the bank statement showed an NSF charge of $735.00 for a check received by the company from W. Krueger, a customer, on account. h o 31. list items that increase balance as per bank & books firs CRANE COMPANY Bank Reconciliation SHOW LIST OF ACCOUNTS

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