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Question 1 The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $8,003. 2. July bank service charge not recorded
Question 1 The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $8,003. 2. July bank service charge not recorded by the depositor $36 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $1,870 5. Bank collected $1,270 note for Crane in July, plus interest $44, less fee $28. The collection has not been recorded by Crane, and no interest has been accrued 6. Outstanding checks, July 31, $599 Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CRANE VIDEO COMPANY Bank Reconciliation July 31
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