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View Policies Current Attempt in Progress On May 31, 2021, Crane Theatre's cash account per its general ledger showed the following balance CASH No. 101
View Policies Current Attempt in Progress On May 31, 2021, Crane Theatre's cash account per its general ledger showed the following balance CASH No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance 8,346 The bank statement from Canada Bank on that date showed the following balance CANADA BANK Checks and Debits Deposits and Credits Daily Balance 5/31 8,301 XXX XXX A comparison of the details on the bank statement with the details in the Cash account revealed the following facts 1 The statement included a debit memo of 555 for the monthly bank service charges Cash sales of $1,020 on May 12 were deposited in the bank. The bookkeeper recorded the deposit in the cash Journals $1.030 2 3. Outstanding cheques on May 31 totalled $628 and deposits in transit were $1.752 MacBook Air C Question 8 of 20 -112 3. Outstanding cheques on May 31 totalled $628 and deposits in transit were $1,752 4. On May 18, the company issued cheque #1581 for $685 to M. Datz on account. The cheque, which cleared the bank in May. was incorrectly journalized and posted by Crane Theatre for $658 5. A $3,050 note receivable was wired to the bank account of Crane Theatre on May 31. Interest was not collected for the note. 6. Included with the cancelled cheques was a cheque issued by Bohr Theatre for 5730 that was incorrectly charged to Crane Theatre by the bank. 7. On May 31, the bank statement showed an NSF charge of $1.149 for a cheque issued by Tyler Bickell, a customer to Crane Theatre on account. This payment was previously deposited by Crane Theatre. (a) Prepare the bank reconciliation at May 31. (List items that increase balance as per bank & books first.) CRANE THEATRE Bank Reconciliation May 31, 2021 Prepare the bank reconciliation at May 31 (Listitems that increase balance as per bank & boots CRANE THEATRE Bank Reconciliation May 31, 2021 MacBook Air . bil DO 20 ! MacBook Air
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