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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

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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 $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. 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Accts. Cash Rec. July 31 31 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ilities Stockholders' Equity Rev. Exp

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