Problem 7-3A (Part Level Submission) On July 31, 2017, Crane Company had cash balance per books of S6.245.00. The statement from Dakota Stato Bank on that data showed balance of $7.795.80. A compar son of the bank statement with the Cash account evealed the following facts. 1. The bank service charge for July was $16.00. The bank collactad $1.625.00 for Crane Company through electronic funds transfor . The July 31 raceipts of $1.307.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $384.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $348.00 5. Checks outstanding on July 31 totaled $1.965.10 6. On July 31, the bank statement showed an NSF charge of $680.00 for a check received by the company from W, Krueger, a customer, on account. Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) CRANE COMPANY Bank y 31, 2017 Cash balance per bank statement AddDeposits in transit Less Outstanding checks Adjusted cash balance per bank Cash balance per books AddError in recording check No. 2480 LIST OF ACCOUNTS LINIK TO VIDEO: SIMELAR