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On July 31,2022, Crane Company had a cash balance per books of 56,101.90. The statement from Dakota State Bank on that date showed a balance

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On July 31,2022, Crane Company had a cash balance per books of 56,101.90. The statement from Dakota State Bank on that date showed a balance of $773470 A comparicon of the bank statement with the Cosh secount revesled the following facte. 1. The bankservice charge for July was $2.5. 2. The bank coliected $1,66000 for Keeds Company through electronic funds transfer. 3. The July 31 receipts of $1.232.50 were not included in the bank deposits for July, These receipts were deposited by the company in a right deposit vault on July 31. 4. Company check Na 2480 issued to L. Taylor, a ceditor, for $382 that cleared the bank in July was incorrectly entered as a cashpayment on July 10 for $328. 5. Checks outstanding on July 31 totaled $1,863,30 6. On Julva1, the bank statemeat showed an NSF charge of $579.00 tor a check received by the company from W. Kroeger, a customer, on account: (b) Prepare the necessary adjusting estries at July 31 . (List all debit entries before crefit entries. Cindit account tieles are cutomaticaly indented when amount is entered. Do not indent manualik. Round answen to 2 declimal places, es 52.75) Date Account Titles and Explanation Debit Credit July 31 (To record receipt of electronic funds transfer) July 31 (To record NSF check) July 31 (To correct error in recording check) Julyat (To record bankservike charee)

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