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Prepare a bank reconciliation at August 31, 2025. (List items that increase balance as per bank & books first.)

Prepare a bank reconciliation at August 31, 2025. (List items that increase balance as per bank & books first.)

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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The following information pertains to Crane Company. 1. 2. 3. 4. 5. Cash balance per books, August 31, $7,424. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $711. August bank service charge not recorded by the depositor $63. Deposits in transit, August 31, $3,860. In addition, $3,176 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has not been recorded by Crane Company.
Transcribed Image Text:The following information pertains to Crane Company. 1. 2. 3. 4. 5. Cash balance per books, August 31, $7,424. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $711. August bank service charge not recorded by the depositor $63. Deposits in transit, August 31, $3,860. In addition, $3,176 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has not been recorded by Crane Company.
The following information pertains to Crane Company. 1. 2. 3. 4. 5. Cash balance per books, August 31, $7,424. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $711. August bank service charge not recorded by the depositor $63. Deposits in transit, August 31, $3,860. In addition, $3,176 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has not been recorded by Crane Company.
Transcribed Image Text:The following information pertains to Crane Company. 1. 2. 3. 4. 5. Cash balance per books, August 31, $7,424. Cash balance per bank, August 31, $7,388. Outstanding checks, August 31, $711. August bank service charge not recorded by the depositor $63. Deposits in transit, August 31, $3,860. In addition, $3,176 was collected for Crane Company in August by the bank through electronic funds transfer. The collection has not been recorded by Crane Company.
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