The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $11,136. 2. July
Fantastic news! We've Found the answer you've been seeking!
Question:
The following information pertains to Crane Company.
1. | Cash balance per bank, July 31, $11,136. | |
2. | July bank service charge not recorded by the depositor $64. | |
3. | Cash balance per books, July 31, $11,264. | |
4. | Deposits in transit, July 31, $4,544. | |
5. | $2,560 collected for Crane Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Crane Company. | |
6. | Outstanding checks, July 31, $1,920. |
Journalize the adjusting entries at July 31 on the books of Crane Company.
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
July 31 | Enter an account title to record electronic funds transfer received by bank on july 31 | Enter a debit amount | Enter a credit amount |
Enter an account title to record electronic funds transfer received by bank on july 31 | Enter a debit amount | Enter a credit amount | |
(To record electronic funds transfer received by bank) | |||
July 31 | Enter an account title to record bank service charge on july 31 | Enter a debit amount | Enter a credit amount |
Enter an account title to record bank service charge on july 31 | Enter a debit amount | Enter a credit amount | |
(To record bank service charge) |
Related Book For
Posted Date: