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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
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 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has not been recorded by Crane Company. Prepare a bank reconciliation at August 31, 2025. (List items that increase balance as per bank \& books first) Journalize the adjusting entries at August 31 on the books of Crane Company. (Credit account tities are oufomatically indented when omount is entered. Do not indent manually, List all debit entries before credit entriles. If no entry is requiled, select "No Entry" for the account titles and enter O for the amounts.) Prepare a bank reconciliation at August 31, 2025. (Lht iterns that increase balance as per bank 6 books firat.)
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