The following information pertains to Crane Company . 1. Cash balance per books, August 31, $ 7,424
Fantastic news! We've Found the answer you've been seeking!
Question:
The following information pertains to Crane Company.
1. | Cash balance per books, August 31, $7,424. | |
2. | Cash balance per bank, August 31, $7,388. | |
3. | Outstanding checks, August 31, $689. | |
4. | August bank service charge not recorded by the depositor $41. | |
5. | 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 reconciliation at August 31, 2022. (List items that increase balance as per bank & books first.)
CRANE COMPANY Bank Reconciliation Choose the accounting period | |||
---|---|---|---|
Select an opening section 1 name | $Enter a dollar amount | ||
Select between addition and deduction: | Select a reconciling item | Enter a dollar amount | |
Enter a subtotal of the two previous amounts | |||
Select between addition and deduction: | Select a reconciling item | Enter a dollar amount | |
Select a closing section 1 name | $Enter a total amount for section one | ||
Select an opening section 2 name | $Enter a dollar amount | ||
Select between addition and deduction: | Select a reconciling item | Enter a dollar amount | |
Enter a subtotal of the two previous amounts | |||
Select between addition and deduction: | Select a reconciling item | Enter a dollar amount | |
Select a closing section 2 name | $Enter a total amount for section two |
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Posted Date: