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Problem 7-3A (Part Level Submission) On July 31, 2017 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 57.350 BOA comparison of the bank statement with the Cash account revealed the following facts. 1 2 The bankervice charge for July was $19.00 The ban d ed 51.680.00 for Crane Company through electronic funds transfer The cepts of $1.359.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit s No 2430 issued to L. Taylor, a creditor, for $394.00 that cleared the bank in July was incorrectly entered in the cash payments journal 10 for 5349.00 t anding on July 31 totaled $2,029.10. the bank statement showed an NSF charge of $735.00 for a check received by the company from W. Krueger, a customer, on account CRARE COMPANY ondation B July 31, 2017 7850.80 Det in trans 1359,30 9210,10 Outstanding checks 2029.10 Ndjusted cash balance per bank 7181.00 Cash balance per books 6300 Electronic funds transfer received 1680 7980 NSF check Bank service charge Error in recording check No. 2480 Adjusted cash balance per books (b) Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered Date. Account Titles and Explanation Debit Credit July 31. (To record electronic funds transfer received by bank) (To record NSF check) (to correct error in recording check) (0 record bank r echarge)

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