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The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by the depositor
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by the depositor $41. 3. Cash balance per books, July 31, $7,424. 4. Deposits in transit, July 31, $2,760. 5. $2,076 collected for Crane Company in July by the bank through electronic funds transfer. The collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $689. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.) CRANE COMPANY Bank Reconciliation $ $ $ e Textbook and Media List of Accounts Prepare a tabular analysis for the adjustments at July 31 on the books of Crane Company. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Eq Accts. Rec. Cash + + Rev. Exp. July 31 31 e Textbook and Media List of Accounts
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