31. a. On July 31, the company's Cash account has a $24,835 debit balance, but its July bank statement shows a $27,744 cash balance. b. Check No. 3031 for $1,730, Check No. 3065 for $641, and Check No. 3069 for $2,498 are outstanding checks as of July c. Check No. 3056 for July rent expense was correctly written and drawn for $1,240 but was erroneously entered in the accounting records as $1,230. d. The July bank statement shows the bank collected $8,500 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 $13 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 $9,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Problem 6-4A Part 1 Required: 1. Prepare the bank reconciliation for this company as of July 31. BRANCH COMPANY Bank Reconciliation July 31 $ 24,835 Book balance Add: $ 24,835 Bank statement balance Add: Deposit of July 31 0 0 24,835 24,835 Deduct: Deduct: 0 Adjusted bank balance $ 24,835 Adjusted book balance $ 24,835