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The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,463. 2. July bank service charge not recorded by
The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,463. 2. July bank service charge not recorded by the depositor $33. 3. Cash balance per books, July 31, $7,484. 4. Deposits in transit, July 31, $1,600. 5. 6. Bank collected $1,000 note for Crane in July, plus interest $41, less fee $25. The collection has not been recorded by Crane, and no interest has been accrued. Outstanding checks, July 31, $596. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CRANE VIDEO COMPANY Bank Reconciliation
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