0 Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below. The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $24,758 deblt balance, but its July bank statement shows a $27661 cash balance b.Check No. 3031 for $1,750 and Check No. 3040 for $867 were outstanding on the June 30 bank reconciliation. c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that d. The July bank statement shows the bank collected $7.500 cash on a noninterest-bearing note for Branch, deducted Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $651 and Check No. 3069 for $2,518, both written in July, are not among the canceled checks on the July 31 statement Check No. 3056 for July rent expense was correctly written and drawn for $1,220 but was erroneously entered in the accounting records as $1,210 $38 collection expense, and credited the remainder to its account. Branch had not recorded this event before e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been f. The July statement shows a $11 bank service charge. It has not yet been recorded in miscellaneous expenses g. Branch's July 31 daily cash receipts of $8,652 were placed in the bank's night depository on that date but do not receiving the statement. received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF because no previous notification had been received. appear on the July 31 bank statement. K Prey 2 of 6E Next > 1. Prepare the bank reconcililation for this company as of July 31, 2017 Bank Roconciliation July 31, 2017 $ 27,661 Book balance Bank statement balance $ 24,758 Add: Add: Deposit of July 31 $ 8,652 Proceeds of note less collection charge 8,652 $6,313 24,758 Deduct: Deduct: Check No. 3031 1,750 NSF check 805 10 10 1,760 34.553 Adjusted book balanoe 826 S 23,932 Adjusted bank balance S