60 : Requtred Information Problem 04A Prepering bank reconciliation and recordingstretto P3 The tollowing inormacon applies to the questions dtsplayed below The following irfomanon ts avalablo to reconcle Branch Company's book balance of cash with ts bank tatement cach balance as of July 3t, 2017 a On July 31 the companys Cash account has a $25,646 de balance, but es July bank statement shows a $2752 cash balance h. Check No 303t for $1340 and Check No. 3040 for $662 were outstanding on the June 30 bank reconcilation Check 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 $8.000 cash on a nonintoroct-bearing noto for Branch, deducted a No. 3040 Is listed with the July canceled checks, but Check No. 3031 Is not. Also, Check No 3065 for $446 and Check No. 3069 for $2308, both writton in July, aro not among the canceled checks on the July 3t statement Check No. 3066 for July rent expense was comectly written and drawn for $1,220 but was erroncoudly ontered in the accountng records as $1,210 $40 colectorecerse-and edted the renander to ts accourt Branch had not recorded this event before receMng he statement eceved from a customec Evan Sha Branch has not yot recorded this check as NSF no prevous notfication had been received on the July 3t bank statement e The bank statament shows an $805 charge for a $795 NSF check plus a $%0 NSF charge. The check had beon t The July stanement shows a $12 bank service charge has not yot been recceded in miscellaneous expenses because g Branch's July 31 datly cash recpts of $9052 were plsced in the bank's night depoctory on that dato but do not appsar Problem 8-4A Part 2 2. s of July 3t 2017, 0f no entry is required for a ransaction event select "No journal entry required in the first account field entes necassary to bring the company's book balance of cash into conformity with the reconcled cash balance Journal entry worksheet Facord the adjuting entry required. O Type here to search