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 Company.

Prepare a bank reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)

CRANE COMPANY Bank Reconciliation Choose the accounting period                                                                       For the Month Ended August 31, 2022For the Year Ended August 31, 2022August 31, 2022
Select an opening section 1 name                                                                       Deposits in transitCash balance per bank statementOutstanding checksBank service chargeCollection on electronic funds transferAdjusted cash balance per bank			$Enter a dollar amount
Select between addition and deduction                                                                       AddLess:	Select a reconciling item                                                                       Deposits in transitCash balance per bank statementOutstanding checksCollection on electronic funds transferAdjusted cash balance per bankBank service charge		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction                                                                       AddLess:	Select a reconciling item                                                                       Outstanding checksCollection on electronic funds transferAdjusted cash balance per bankDeposits in transitBank service chargeCash balance per bank statement		Enter a dollar amount
Select a closing section 1 name                                                                       Outstanding checksCollection on electronic funds transferAdjusted cash balance per bankBank service chargeCash balance per bank statementDeposits in transit			$Enter a total amount for section one
Select an opening section 2 name                                                                       Adjusted cash balance per booksOutstanding checksBank service chargeCash balance per booksCollection on electronic funds transferDeposits in transit			$Enter a dollar amount
Select between addition and deduction                                                                       LessAdd:	Select a reconciling item                                                                       Outstanding checksDeposits in transitAdjusted cash balance per booksBank service chargeCollection on electronic funds transferCash balance per books		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction                                                                       LessAdd:	Select a reconciling item                                                                       Adjusted cash balance per booksCash balance per booksCollection on electronic funds transferOutstanding checksDeposits in transitBank service charge		Enter a dollar amount
Select a closing section 2 name                                                                       Collection on electronic funds transferDeposits in transitCash balance per booksOutstanding checksAdjusted cash balance per booksBank service charge			$Enter a total amount for section two