Question: please help and please explain so i can learn how to do it too Question / View Policies Current Attempt in Progress The following information
please help and please explain so i can learn how to do it too
Question / View Policies Current Attempt in Progress The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222. 2. July bank service charge not recorded by the depositor $53. 3. Cash balance per books, July 31, $9,328. 4. Deposits in transit, July 31, $3,763. 5. $2,120 collected for Crane Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $1,590. Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) CRANE COMPANY Bank Reconciliation
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