Current Attempt in Progress The following information pertains to Crane Corporation. 1. 2. 3. 4. 5. 6. 7. (a) Balance per bank, July 31, $6,009. July bank service charge not yet recorded by Crane, $25. Balance per books, July 31, $6,285. Deposits in transit, July 31, $2,137.- Electronic collection on account (EFT) from a customer, $1,653 not yet recorded by Crane. Outstanding cheques, July 31, $633. Returned cheque from the deposit of a collection on account, $360, due to non-sufficient funds. Related bank service charge, $40. The charges will be added to the customer's account. Your answer is partially correct.
Current Attempt in Progress The following information pertains to Crane Corporation. 1. 2. 3. 4. 5. 6. 7. (a) Balance per bank, July 31, $6,009. July bank service charge not yet recorded by Crane, $25. Balance per books, July 31, $6,285. Deposits in transit, July 31, $2,137.- Electronic collection on account (EFT) from a customer, $1,653 not yet recorded by Crane. Outstanding cheques, July 31, $633. Returned cheque from the deposit of a collection on account, $360, due to non-sufficient funds. Related bank service charge, $40. The charges will be added to the customer's account. Your answer is partially correct.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please answer within the format by providing formula the detailed working
Please provide answer in text (Without image)
Transcribed Image Text:Show Attempt History
Current Attempt in Progress
The following information pertains to Crane Corporation.
1. Balance per bank, July 31, $6,009.
2.
3.
4.
5.
6.
7.
(a)
July bank service charge not yet recorded by Crane, $25.
Balance per books, July 31, $6,285.
Deposits in transit, July 31, $2,137.-
Electronic collection on account (EFT) from a customer, $1,653 not yet recorded by Crane.
Outstanding cheques, July 31, $633.
Returned cheque from the deposit of a collection on account, $360, due to non-sufficient funds. Related bank service charge,
$40. The charges will be added to the customer's account.
Your answer is partially correct.
Transcribed Image Text:Balance ner bank statement
Add
Less
Deposits in transit
Reconciled cash balance per bank
Add
Outstanding cheques
Balance per books
Less
EFT collection of account receivable
Bank service charge
EFT collection of account receivable
Reconciled cash balance per books
>
>
SA
$
LA
LA
$
$
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