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NEXT Problem 7-03A (Part Level Submission) On July 31, 2022, Crane Company had a cash...

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NEXT Problem 7-03A (Part Level Submission) On July 31, 2022, Crane Company had a cash balance per books of $5,300.00. The statement from Dakota State Bank on that date showed a balance of $7,650.80. A comparison of the bank statement with the Cash account revealed the following facts 1. The bank service charge for July was $19.00 2. The bank collected $1,680.00 from a customer for Crane Company through electronic funds transfer 3. The July 31 receipts of $1,359.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $394.00 that deared the bank in July was incorrectly entered in the cash payments Journal on July 10 for $549.00 5. Checks outstanding on July 31 totaled $2,029.10. 6. On July 31, the bank statement showed an NSF charge of $735.00 for a check received by the company from W. Krueger, a customer, on account. (a) Prepare the bank reconciliation as of July 31. (list items that increase balance as per bank & books first.) CRANE COMPANY Bank Reconciliation $ CRANE COMPANY Bank Reconciliation $ $ $ $ $ V $ > $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VI

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