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The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,373. 2. July bank service charge not recorded by
The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,373. 2. July bank service charge not recorded by the depositor $26. 3. The bank erroneously charged another company's $710 check against Crane' account. 4. Cash balance per books, July 31, $8,794. 5. The bank charged Crane account $360 for a customer's NSF check. 6. Deposits in transit, July 31, $2,220. 7. Crane recorded a cash receipt from a customer as $76. The bank correctly recorded it at $67. 8. 9. Bank collected a $1,270 note for Crane in July, plus interest $40, less fee $24. The collection has not been recorded by Crane and no interest has been accrued. Outstanding checks, July 31, $618.
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