Business
Business, 18.03.2020 02:57, squawk1738

The following information pertains to Crane Video Company:

1. Cash balance per bank, July 31, $7,843.
2. July bank service charge not recorded by the depositor, $37.
3. Cash balance per books, July 31, $7,864.
4. Deposits in transit, July 31, $1,790.
5. Bank collected $1,190 note for Crane in July, plus interest $45, less fee $29. The collection has not been recorded by Crane and no interest has been accrued.
6. Outstanding checks, July 31, $600.
Required:

1. Prepare a bank reconciliation at July 31.

List items that increase cash balance first.

Reconcile cash balance per bank first.

answer
Answers: 1

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The following information pertains to Crane Video Company:

1. Cash balance per bank, Jul...

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