Jk. 199. The following information is for Crane's Burger Company:1. Cash balance per bank, July 31. $8,983.2.3.4.5.6.7.8.9.July bank service charge not recorded by the depositor, $39.The bank erroneously charged another company's $850 cheque against Crane's Burger's account.Cash balance per books, July 31, $10,716.The bank charged Crane's Burger's account $430 for a customer's NSF cheque. This included a $7 service charge. Thecompany policy is to pass on all NSF charges to the customer.Deposits in transit, July 31, $2,680,Crane's Burger recorded a cash receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23.The bank collected a $1,530 note for Crane's Burger in July, plus interest of $44, less a fee of $24. The collection has not beenrecorded by Crane's Burger and no interest has been accrued.Outstanding cheques, July 31, $725.DateJuly 31July 31Account Titles and ExplanationBank Charges Expense(To record the bank service charge, deposit error, and NSFcheque.)(To record the collection of the note.)DebitCredit0000100

The journal entries are prepared to record the transactions on regular basis. The bank…

The following information is for Crane's Burger Company: Cash balance per bank, July 31. $8,983. July bank service charge not recorded by the depositor, $39. The bank erroneously charged another company's $850 cheque against Crane's Burger's account. Cash balance per books, July 31, $10,716. The bank charged Crane's Burger's account $430 for a customer's NSF cheque. This included a $7 service charge. The company policy is to pass on all NSF charges to the customer. Deposits in transit, July 31, $2,680. Crane's Burger recorded a cath receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23. 1. 2. 3. 4. 5. 6. 7.