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Crane Spa shows a general ledger balance for the Cash account of $4,010.85 on June 30 and the bank statement as of that date indicates

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Crane Spa shows a general ledger balance for the Cash account of $4,010.85 on June 30 and the bank statement as of that date indicates a balance of $4,160.00. When the statement was compared with the cash records, the following facts were determined: 1. There were bank service charges for June of $29.00. 2. A bank memo stated that John Williams's note for $902.00 and interest of $40.00 had been collected on June 29 , and the bank had charged $4.50 for the collection. Any interest revenue has not been accrued. 3. Deposits in transit June 30 were $2,896.00. 4. Cheques outstanding on June 30 totalled \$2,132.05. 5. On June 29, the bank had charged Crane Spa's account for a customer's NSF cheque amounting to $459.20. 6. A customer's cheque received as a payment on account of $92.00 had been entered as $62.00 in the cash receipts journal by Crane Spa on June 15. Cheque no. 742 in the amount of $493.00 had been entered in the books as $439.00, and cheque no. 747 in the 6. A customer's cheque received as a payment on account of $92.00 had been entered as $62.00 in the cash receipts journal by Crane Spa on June 15. 7. Cheque no. 742 in the amount of $493.00 had been entered in the books as $439.00, and cheque no. 747 in the amount of $54.20 had been entered as $542.00. Both cheques were issued as payments on account. 8. In May, the bank had charged a \$25.50 Wella Spa cheque against the Crane Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. Date Account Titles and Explanation Debit Credit June 30 (To correct errors and record cash receipts.) June 30 (To correct errors and record cash receipts.) June 30 (To record NSF cheque, bank charges, and error on cheque.)

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