When Crane Ltd$.$ received its bank statement for the month of June, it showed that the company had a cash balance of $$13,695$ as at June $30.$ Crane's general ledger showed a cash balance of $$16,800$ at that date. A comparison of the bank statement and the accounting records revealed the following information:

An EFT payment for utilities expenses had been correctly made for $$975$ but had been incorrectly recorded in the general ledger as $$795.$

Crane had written and mailed out cheques with a value of $$1,890$ that had not yet cleared the bank account.

The cash receipts for June $30$ amounted to $$4,600$ and had been deposited in the night deposit chute at the bank on the evening of June $30.$ These were not reflected on the bank statement for June.

Bank service charges and debit and credit card processing fees for the month were $$175.$

During the month, the bank collected a $$2,880$ note receivable plus the outstanding interest of $$480$ on behalf of $C$ rane. The interest had already been accrued by Crane.

A cheque in the amount of $$3,400$ from one of Crane's customers that had been deposited during the last week of May was returned with the bank statement as $"$NSF$."$

$($a$)$

Prepare the bank reconciliation at June $30.($List items that increase balance as pe

When Crane Ltd$.$ received its bank statement for the month of June, it showed that the company had a cash balance of $$13,695$ as at June $30.$ Crane's general ledger showed a cash balance of $$16,800$ at that date. A comparison of the bank statement and the accounting records revealed the following information:

An EFT payment for utilities expenses had been correctly made for $$975$ but had been incorrectly recorded in the general ledger as $$795.$

Crane had written and mailed out cheques with a value of $$1,890$ that had not yet cleared the bank account.

The cash receipts for June $30$ amounted$$to $$4,600$ and had been deposited in the night deposit chute at the bank on the evening of June $30.$ These were not reflected on the bank statement for June.

Bank service charges and debit and credit card processing fees for the month were $$175.$

During the month, the bank collected a $$2,880$ note receivable plus the outstanding interest of $$480$ on behalf of Crane. The interest had already been accrued by Crane.

A cheque in the amount of $$3,400$ from one of Crane's customers that had been deposited during the last week of May was returned with the bank statement as $"$NSF$."$

$($a$)$

Prepare the bank reconciliation at June $30.($List items that increase balance as per bank & books first.$)$r bank & books first.$)$

CRANE LTD$.$

Bank Reconciliation

June $30$

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