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The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222 2. July bank service charge not recorded by the
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222 2. July bank service charge not recorded by the depositor $53. 3. Cash balance per books, July 31, $9,328. 4. Deposits in transit, July 31, $3,763. 5. 6. $2,120 collected for Crane Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Crane Company. Outstanding checks, July 31, $1,590.
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