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On July 31,2025, Crane Company had a cash balance per books of $6,355.00. The statement from Dakota State Bank on that date showed a balance
On July 31,2025, Crane Company had a cash balance per books of $6,355.00. The statement from Dakota State Bank on that date showed a balance of $7,905.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $19.00. 2. The bantccoltected $1,630,00 from a customer for Crane Company through electronic funds transfer. 3. The July 31 receipts of $1,309.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company checkNo.2480 issued to L. Tayloracreditor, for $394,00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $349.00. 5 - Check outstunding on suly 31 totated 51.979 .10 6. On fuly 31, the bankstatementshowed an NSF charne of $685.00 for a check recolved by the company from W. Krueger;a customer, on account. Prepare the necessary adjusting entries at July 31. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tittes and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 2 decimal ploces, eg. 2,525.25.)
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