The bank statement from Emporia State Bank on that date showed the following balance. A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. The statement included a debit memo of $30 for the printing of additional company checks. 3. Outstanding checks at May 31 totaled $685.00, and deposits in transit were $1,800.00. 5. $2,600 was collected from a customer's note receivable by the bank for Crane Company on May 31 through electronic funds transfer. 6. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $310 that was incorrectly charged to Crane Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $360 for a check issued by Sara Ballard, a customer, to Crane Company on account. Date Account Titles and Explanation Debit Credit May 31 I (To record receipt of electronic funds transfer) May 31 (To record NSF check) May 31 (To correct error in deposit check) May 31 (To correct error in recording check) May 31 (To record bank service charge) 
Other questions asked by students
Q
Consider a general system of linear equations with m equations in n variables, called system I....
Advance Math
General Management
Q
Bed & Bath, a retailing company, has two departmentsHardware and Linens. The companys most recent...
Accounting
Accounting
Accounting
Accounting
Accounting