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The following information is for Crane Video Company: 1. Cash balance per bank, July 31, $7,130. 2. July bank service charge not recorded by
The following information is for Crane Video Company: 1. Cash balance per bank, July 31, $7,130. 2. July bank service charge not recorded by the depositor, $38. 3. Cash balance per books, July 31, $7,150. 4. Deposits in transit, July 31, $1,130. 5. 6. Bank collected $610 note for Crane in July, plus interest $40, less fee $32. The collection has not been recorded by Crane, and no interest has been accrued. Outstanding cheques, July 31, $530.
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