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The following information is for Crane Ltd. in July: 1. Cash balance per bank, July 31, $10,690. 2. Cash balance per books, July 31, $9,044.
The following information is for Crane Ltd. in July: 1. Cash balance per bank, July 31, $10,690. 2. Cash balance per books, July 31, $9,044. 3. Bank service charge, $40. 4. Deposits in transit, $2,009. 5. Electronic receipts from customers in payment of their accounts, $1,096, not previous 6. Outstanding cheques, $2,419. 7. Cheque #373 was correctly written in the amount of $790 but was incorrectly record (a) Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.) CRANE LTD. Bank Reconciliation July 31 Cash balance per bank statement Add Deposits in transit Bank service charges Less Bank Reconciliation July 31 Add Cash balance per books eTextbook and Media $ $ $ U [D 10690 2009 40 $ 9044
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