2 Required information The following information applies to the questions displayed below) Part 1 of 2 The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of Ruly 31 a. On July 31, the company's Cash account has a $25.330 debit balance, but its July bank statement shows a $28.218 cash balance b. Check No. 3031 for $1720. Check No. 3065 for $636, and Check No 3069 for $2.488 are outstanding checks as of c. Check No 3056 for stay rent expense was correctly written and drawn for $1.280 but was erroneously entered in the accounting records as $1.270 d. The Juy bank statement shows the bank collected $6,000 cash on a note for Branch Branch had not recorded this event before receiving the statement e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw Branch has not yet recorded this check as NSE 1. The July statement shows a $9 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received Branchs July 31 daily cash receipts of $7132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Required: 1. Prepare the bank reconciation for this company as of July 31 RANCH COMINY Blank Reconciliation July 21 look balance Adat Dank statement balance A 3 Part 2 of 2 a. On July 31, the company's Cash account has a $25,330 debit balance, but its July bank statement shows a $28,218 cash balance b. Check No 3031 for $1.720, Check No 3065 for $636, and Check No 3069 for $2.488 are outstanding checks as of July 31 c. Check No 3056 for July rent expense was correctly written and drawn for $1.280 but was erroneously entered in the accounting records as $1,270, d. The July bank statement shows the bank collected $6,000 cash on a note for Branch Branch had not recorded this event before receiving the statement e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF f. The July statement shows a $9 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received g. Branch's July 31 daily cash receipts of $7132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to the July 31 cash balance No Enter debts before credits Transaction General Journal Debit Credit ME Grow