The following information is available to reconcile Branch C’ompany’s book balance of cash with its bank statement cash balance as of .Inly 31,2013.

a. On July 31, the company’s Cash account has a $27,467 debit balance, but its July bank slalement shows a $27,233 cash balance.

b. Check No. 3031 for $1,482 and Check No. 3040 for $558 were oulsianding on Ihe June 30 bank ree- onciliation. Check No. 3040 is listed with Ihe July canceled checks, but C’heck No. 3031 is nol. Also, Check No. 3065 for $382 and Check No. 3066 for .$2,281, both wrillen in July, are nol among Ihe canceled checks on the July 31 slatemenl.

c. In comparing the canceled checks on the bank statemeni with Ihe entries in Ihe accounting records, it is found that Check No. 3056 for July rent was correclly wrillen and drawn for $ 1,270 but was errone¬ ously entered in the accounting records as $ 1,250.

d. A credit memorandum enclosed with the July bank slatemenl indicates Ihe bank collecled $8,000 cash on a non-interest-bearing note for Dranch, deducleil a $45 collection fee, and creilited Ihe remainder to its account. Dranch had not recorded this evcnl before receiving Ihe slatemenl.

e. A debit memorandum for $805 li.sts a .$765 NSP' check plus a $10 N.SP charge. The check had been received from a customer, Evan Shaw. Dranch has nol yet recorded this check as NSP.

f. Enclosed with the July statement is a $25 debit memorandum for bank .services. Il has nol yel been recorded because no previous notillcalion had been received.

g. Branch’s July 31 daily cash receipts of $1 1,514 were placed in Ihe bank’s nighi depository on lhal date, but do not appear on Ihe July 31 bank slalemcni.

Required 1. Prepare the bank reconciliation for Ibis comiiany as of July 31,2013.
2. Prepare the journal entries necessary lo bring Ihe ct)mpany’s book balance of cash into conformity with the reconciled cash balance as of July 31.2013.
Analysis Component 3. Assume that the July 31,2013, bank reconciliation for Ibis company is prepare and some items are treated incorrectly. I'or each of Ihe following errors, ex|4ain Ihe cffeci of the error on (i) Ihe adjusled bank statement cash balance and (ii) the adjusled cash account book balance.

a. The company’s unadjusted cash accouni balance of .$27,467 is listed on the reconciliation as .$27,647.

b. The bank’s collection of the $8,000note less the .$45 collection fee is added lo the bank slatement cash balance on the reconciliation.