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The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,938. 2. July bank service charge not recorded by the depositor
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,938. 2. July bank service charge not recorded by the depositor $52. 3. Cash balance per books, July 31, $7,974. 4. Deposits in transit, July 31, $3,310. 5. $2,626 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, $700.
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