The following information is for Crane Company: 1. 2. 3. 4. 5. Cash balance per bank, July 31, $7,216. July bank service charge not recorded by the depositor, $20. The bank erroneously charged another company's $690 cheque against Crane's account. Cash balance per books, July 31, $8,608. The bank charged Crane's account $340 for a customer's NSF cheque. Deposits in transit, July 31, $2,160. Crane recorded a cash receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23. The bank collected a $1,230 note for Crane in July, plus interest of $35, less a fee of $20. The collection has not be recorded by Crane and no interest has been accrued. Outstanding cheques, July 31, $582. 6. 7. 8. 9. CRANE COMPANY Bank Reconciliation July 31 $ $ $ $ $ Journalize the adjusting entries for July 31 on the books of Crane Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit July 31 (To record the bank service charge, correct deposit error and NSF cheque) July I 31 (To record the collection of the note)