Journalize the adjusting entries at August 31 on the books of Crane Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| Date | Account Titles and Explanation | Debit | Credit | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| August 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) | ||||||||||||||||
| August 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)
The following information pertains to Crane Company.
In addition, $2,076 collected for Crane Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Crane Company. |
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