CAN YOU PLEASE DO THE LAST PART ONLY. DETERMINE THE CASH BALANCE PER BALANCE PRI

Question

CAN YOU PLEASE DO THE LAST PART ONLY. DETERMINE THE CASH BALANCE PER BALANCE PRIOR TO THE RECONCILIATION

The bookkeeper for Crane Manufacturing Ltd. was trying to determine what items would be used in preparing the company's bank reconciliation that she is completing at May 31, 2018, which was the company's first month of operations. The company's bank statement showed the following CRANE MANUFACTURING LTD Bank Statement May 31 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Description Balance 26,000 26,000 24,270 16,720 4,920 21,640 13,500 12,570 11,280 11,256 9,256 7,196 7,155 Date May 1Deposit 1,730 7,550 3 Cheque, No. 001 5 Cheque, No. 002 15 Deposit 19 Cheque, No. 004 21 Cheque, No. 006 25 Returned cheque-NSF, S. Gillis 25 NSF fee 27 Cheque, No. 009 28 Cheque, No. 010 31 Bank service charges 8,140 930 1,290 24 2,000 2,060 41 Crane's cash receipts summary (which were all deposited) and cheque summary (which were all mailed out to suppliers) for the month of May showed the following

Explanation / Answer

Balance in cash account at the beginning of month 0 Add:Deposits made (26000+4920) 30920 30920 Less:Cheques issued (1730+7550+8140+930+2000+2060) 22410 Cash balance as per books prior to reconcilation 8510

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