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The following information relates to Crane Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $18,530. During the month of July, Crane
The following information relates to Crane Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $18,530. During the month of July, Crane recorded cash receipts of $22,200 and cash payments of $24,300 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,370 on July 31; outstanding cheques $3,740; deposits in transit $1,560; EFT collections on account that were not yet recorded on the books $2,181; NSF cheque $1,259; NSF fee $61; and bank service charges $101. Determine the cash balance per Crane Limited's books. Cash balance $ Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.) Crane Limited Bank Reconciliation July 31 $ $ $ : $ $ The following information relates to Sunland Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $20,370. During the month of July, Sunland recorded cash receipts of $22,870 and cash payments of $15,340 in the general ledger Cash account. At July 31, Sunland Limited had an reconciled cash balance of $27,900. An examination of the company's July bank statement shows a balance of $19,588 on July 31; outstanding cheques $3,958; deposits in transit $1,778; EFT collections on account that were not yet recorded on the books $2,188; NSF cheque $1,252; NSF fee $68; and bank service charges $108. Prepare the necessary journal entries required on July 31 for Sunland. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To record EFT collections on account) (To record bank service charges) (To record NSF cheque and feel
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