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The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,483. 2. July bank service charge not recorded by
The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,483. 2. July bank service charge not recorded by the depositor $70. 3. The bank erroneously charged another company's $820 check against Crane' account. 4. Cash balance per books, July 31, $8,904. 5. The bank charged Crane account $470 for a customer's NSF check 6. Deposits in transit, July 31, $2,440. 7. Crane recorded a cash receipt from a customer for rent revenue as $32. The bank correctly recorded it at $23. 8. 9. Bank collected $1,506 from a customer's note receivable for Crane in July through electronic funds transfer. The collection has not been recorded by Crane. Outstanding checks, July 31, $882.
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