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The following information relates to Crane Limited's Cashaccount- The.docx

21 Feb 2023
The following information relates to Crane Limited's Cashaccount- The.docx
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The following information relates to Crane Limited's Cashaccount- The.docx

  1. The following information relates to Crane Limited's Cashaccount. The reconciled cash balance from June's bank reconciliation is $27,250. During the month of July. Crane recorded cash receipts of $30.710 and cash payments of $15 , 820 in the general ledger Cash account. At July 31. Crane Limited had an reconciled cash balance of $42 , 140 . An examination of the compamy's July bank statement shows a batance of $19.561 on July 31 ; outstanding cheques $3 , 931 : deposits in transit $1.751 : EFT collections on account that were not yet recorded on the books $2.188 , N5F cheque $1 , 252 : NSF fee $66 ; and bank service charges $103 . Prepare the necessary journal entries required on July 31 for Crane. (list all debit entries before credit entries, Credit account tites are cutomotically indented when the amount is entered. Do not indent maraally if no entry is raquired, select "No Entry" for the account tities and enter 0 for the omounts. Question 4 of 4 11 Date July 31 (To record EFT collections on account) (To record bankiservice charges) 9. Type hore ta tetarch. Question 4 of 4 (To record EFT collections on account) (To record bankservice charges) (To record NSF cheque and fee)
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