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Journalize the adjusting entries at July 31 on the books of Crane Company (Credit account titles are automatically indented w indent manually.) Date Account Titles

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Journalize the adjusting entries at July 31 on the books of Crane Company (Credit account titles are automatically indented w indent manually.) Date Account Titles and Explanation Debit Credit X July 31 Accounts Receivable 1 cash (To record electronic funds transfer received by bank) X July 31 Bank Charges Expense DO Cash (To record bank service charge) Exercise 7-11 (Part Level Submission) The following information pertains to Crane Company, 1. Cash balance per bank, July 31, 57,134 2 July bank service charge not recorded by the depositor $41 3 Cash balance per books, July 31, $7,216 4. Deposits in transit, July 31, $2,911 S $1,640 collected for Crane Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Crane Company Outstanding checks, July 31, $1,230 Your answer is correct. Prepare a bank reconciliation at July 31, 2023. (List items that increase balance as per bank & books first.) CRANE COMPANY Bank Reconciliation July 31, 2022 7134 Deposit letra 3011 10045

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