prepare reconciliation statement and journal entries.

Homework Assignment Question 3 of 5 - / 15 4. On October 31, 2021, Crane Company had a cash balance per books of $8.967. The bank statement on that date showed a balance of $10.151. A comparison of the statement with the Cash account revealed the following The statement included debit memos of $31 for the printing of additional company cheques and $26 for bank service charges 2. Cash sales of $639 on October 12 were deposited in the bank. The journal entry to record the cash receipt and the deposit slip were incorrectly made out and recorded by Crane as $963. The bank detected the error on the deposit slip and credited Crane Company for the correct amount 3 The September 30 deposit of $981 was included on the October bank statement. The deposit had been placed in the bank's night deposit vault on September 30. The October 31 deposit of $956 was not included on the October bank statement. The deposit had been placed in the bank's night deposit vault on October 31. 5. Cheques #1006 for $411 and #1072 for $971 were outstanding on September 30. Of these, #1072 cleared the bank in October. All the cheques written in October except for #1278 for $541, #1284 for $631, and #1285 for $311 had cleared the bank by October 31. 6. On October 18, the company issued cheque #1181 for $457 to Helms & Co., on account. The cheque,which cleared the bank in October, was incorrectly journalized and posted by Crane Company for $574. 7 A review of the bank statement revealed that Crane Company received electronic payments from customers on account of $1.871 in October. The bank had also credited the account with $21 of interest revenue on October 31. Crane had no previous notice of these amounts. 8. Included with the cancelled cheques was a cheque issued by Lasik Company for $581 that was incorrectly charged to Crane Company by the bank. 9. On October 31, the bank statement showed an NSF charge of $801 for a cheque issued by W. Hoad, a customer, to Crane Company on account. This amount included a $12 service charge by the bank. The company's policy is to pass on all NSF fees to the customer