Help 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 reconcilie Branch Company's book balance of cash with its bank statement balance as of July 31 a. On July 31 the company's Cash account has a $25,756 debt balance, but its July bank statement shows a $27559 cash balance. b. Check No. 3031 for $1310 and Check No. 3040 for $647 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 $7500 cash on a noninterest-bearing note for Branch, deducted a e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been No. 3040 is listed with the July canceled checks, but Check No 3031 is not. Also. Check No. 3065 for $431 and Check No. 3069 for $2.078, 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 $1.210 but was erroneously entered in the accounting records as $1.200 $38 collection expense, and credited the remainder to its account. Branch had not recorded this event before receiving the statement received from a customer. Evan Shaw. Branch has not yet recorded this check as NSF he July statement shows a $11 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 $8.652 ere placed in the bank s night depository on that date but do not appear on the July 31 bank statement. oblem 6-4A Part 1 Problem 6-4A Part 1 Required 1. Prepare the bank reconciliation for this company as of July 31. BRANCH COMPANY Bank Reconciliatiorn July 31 Bank statement balance Book balance Add: Add Deduct Deduct: Adjusted bank balance Adjusted book balance