At July 31, Crane Company has the following bank information: cash balance per bank $8,180, outstanding checks $742, de...

Question

Question

At July 31, Crane Company has the following bank information: cash balance per bank $8,180, outstanding checks $742, deposits

Answer 1

Answer #1

Cash balance as per bank	8,180
Deposit in transit	1,831
Outstanding checks	-742
Adjusted cash balance per bank	$9,269

Adjusted cash balance per bank

$9,269

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Answer 2

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