The cash balance per books for Crane Company on November 30, 2022, is $10,640.90. The following checks and receive CES Prepare a bank reconciliation at December 31.

Checks								Receipts
No.		Amount		No.		Amount		Amount		Date
17		$377.70		22		$591.97		$856.99		12/5
18		580.75		23		1,700.63		954.67		12/21
19		170.00		24		934.43		821.71		12/27
20		600.63		25		259.16		1,380.00		12/31
21		247.28

In addition, the bank statement for the month of December is presented below:

Balance					Deposits and Credits								Checks and Debits						Balance
Last Statement					No.		Total Amount							No.		Total Amount		This Statements
$5,417.97					5		$9,591.49							10		$3,645.32		$11,364.14
Checks and other debits																Deposits		Date		Balance
No		Amount			No		Amount				No			Amount
14		161.42			17		377.70				22			591.97		5,497.51		12/1		$9,888.26
18		508.75			24		934.43									856.99		12/8		$9,232.16
19		170.00			25		259.16									954.67		12/23		$9,554.71
21		247.28					28.00	SC								821.71		12/29		$10,114.14
		263.00		NSF												1,630.00	CM	12/31		$11,364.14
Symbols: NSF (Not sufficient funds) SC (Service charge) CM (Credit Memo)

Check No. 18 was incorrectly written for $580.75 for a payment on account. Check No. 14 was the only outstanding check at the end of November. There was also one deposit in transit at the end of November. The NSF check was from S. White, a customer, in the settlement of an account receivable. An entry has not been made for the NSF check. The credit memo is for the collection of a note receivable including interest of $73.00 that has not been accrued. The bank service charge is $28.00.

Answer rating: 100% (QA)

Bank ReconcilationAmount Cash Balance as per Bank statement 1... View the full answer