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The following information pertains to Crane Company. Cash balance per books, August 31, $7,424. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31,
The following information pertains to Crane Company.
Cash balance per books, August 31, $7,424.
Cash balance per bank, August 31, $7,388.
Outstanding checks, August 31, $689.
August bank service charge not recorded by the depositor $41.
Deposits in transit, August 31, $2,760.
In addition, $2,076 collected for Crane Company in August by the bank through electronic funds transfer. The accounts receivable
collection has not been recorded Crane company.
Prepare a bank reconcilliation at August 31, 2022.
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