Question: Current Attempt in Progress The following information pertains to Crane Video Company. 1. Cash balance per bank, July 31, $7,483. 2. July bank service charge

 Current Attempt in Progress The following information pertains to Crane Video

Current Attempt in Progress 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 as $32. The bank correctly recorded it at $23. 8. Bank collected a $1,490 note for Crane in July, plus interest $84, less fee $68. The collection has not been recorded by Crane and no interest has been accrued. 9. Outstanding checks, July 31, $882

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!