The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by the depositor $41. 3. Cash balance per books, July 31, $7,424. 4. Deposits in transit, July 31, $2,760. 5. $2,076 collected for Crane Company in July by the bank through electronic funds transfer. The collection has not been recorded by Crane Company. 6. Outstanding checks, July 31, $689. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $7,388. 2. July bank service charge not recorded by ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A key reason that actively managed funds have lower returns than index funds with a similar level of risk is that:
Answers (1)
Research and write about at least two proposed methods of implementing digital cash. try to find one that attempts to provide anonymity. what are the advantages and disadvantages of the methods you researched?
Answers (1)
The commercial jetliner industry, consisting of boeing and airbus, would best be described as a (an
Answers (1)
Jim was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting a thorough investigation, he went and gave all the details to a local newspaper agency.
Answers (1)
Which of the following is true of an LLC formation? A). Doctors and lawyers can operate practices as LLCs. B). An LLC has to be organized in every state that it operates. C). LC cannot be used to denote an LLC D). An LLC is a creation of federal law.
Answers (1)
New Questions in Business
how do i make a resume im trying to get a job for the summer to make some money but i dont know how to make one
Answers (1)
Adonis Corporation issued 10-year, 8% bonds with a par value of $200,000. Interest is paid semiannually. The market rate on the issue date was 7.5%. Adonis received $206,948 in cash proceeds. Which of the following statements is true? A.
Answers (1)
Which type of group leadership has a communication pattern that flows from the top down?
Answers (1)
Without trade, the farmer produced and consumed 2 pounds of pork and 4 pounds of tomatoes and the rancher produced and consumed 4 pounds of pork and 2 pounds of tomatoes.
Answers (1)
On March 14, Zest Co. accepted a 120-day, 6% note in the amount of $5,000 from AZC Co., a customer. On the due date of the note, AZC dishonors the note and fails to pay.
Answers (1)