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a. On July 31, the company's Cash account has a $25,868 debit balance, but its July bank statement shows a $28,314 cash balance. b. Check

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a. On July 31, the company's Cash account has a $25,868 debit balance, but its July bank statement shows a $28,314 cash balance. b. Check No. 3031 for $1,570 and Check No. 3040 for $777 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not Also, Check No. 3065 for $561 and Check No. 3069 for $2,338, both written in July, are not among the canceled checks on the July 31 statement c. In comparing the canceled checks on the bank statement with the entries In the accounting records, it is found that Check No. 3056 for July rent expense was correctly written and drawn for $1,270 but was erroneously entered in the accounting records as $1,260 d. The July bank statement shows the bank collected $8,500 cash on a noninterest-bearing note for Branch, deducted a $43 collection expense, and credited the remainder to its account. Branch had not recorded this event before receiving the statement e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. 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 $9,652 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement SKANCH COMPANT Bank Reconciliation July 31, 2017 Bank statement balance 28,314 Book balance 25,868 Add: Add: 0 0 28,314 25,868 Deduct Deduct Check No. 3040 777 Check No. 3040 777 Check No. 3065 561 Check No. 3065 561 1,338 26,976 Adjusted book balance 1,338 24,530 Adjusted bank balance brrrm mwwww

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