education.wiley.c + Untitled document - Google Docs WP Mid-term Exam #2 WP NWP Assessment Player UI Application Course Hero Start Page Mid-term Exam #2 26:59 Question 4 of 6 > ... /7 ... View Policies Current Attempt in Progress On July 31, 2022, Crane Company had a cash balance per books of $6,300.00. The statement from Dakota State Bank on that date showed a balance of $7,850.80. 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 bank collected $1,680.00 for Crane Company through electronic funds transfer. 3. The July 31 cash receipts of $1,359.30 were not included in the bank statement for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $394.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $349.00. 5 . Checks outstanding on July 31 totaled $2,029.10. 6. On July 31, the bank statement showed an NSF charge of $735.00 for a check received by the company from W. Krueger, a customer, on account. (a) Your answer has been saved. See score details after the due date. Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first. Round answers to 2education.wiley.c + Untitled document - Google Docs WP Mid-term Exam #2 WP NWP Assessment Player UI Application Course Hero Start Page Mid-term Exam #2 26:55 Question 4 of 6 ... /75 ... Bank Reconciliation July 31, 2022 Cash balance per bank statement $ 7,850.80 Add 4 : Deposits in transit 1,359.30 9,210.10 Less Outstanding checks 2,029.10 Adjusted cash balance per bank 7,181 Cash balance per books $ 6,300 Add Electronic funds transfer received 1,680 7,980 Less 4 : Bank service charge 19 NSF check 735education.wiley.com + Untitled document - Google Docs WP Mid-term Exam #2 WP NWP Assessment Player UI Application Course Hero Start Page Mid-term Exam #2 26:52 Question 4 of 6 > ... /7E ... 7,980 Less + : Bank service charge $ 19 NSF check 735 Error in recording check 4 45 799 Adjusted cash balance per books $ 7,181 e Textbook and Media List of Accounts Assistance Used Attempts: 1 of 1 used (b) Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount iseducation.wiley.com + Untitled document - Google Docs WP Mid-term Exam #2 WP NWP Assessment Player UI Application Course Hero Start Page Mid-term Exam #2 26 :48 Question 4 of 6 > ... /7E ... Date. Account Titles and Explanation Debit Credit July 31. (To record electronic funds transfer received by bank) 31. (To record NSF check) 31. (To correct error in recording check) 31. (To record bank service charge) eTextbook and Media