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MONUMY OWN 1 The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July

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MONUMY OWN 1 The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. Part 1 of 2 10 point a. On July 31, the company's Cash account has a $25,557 debit balance, but its July bank statement shows a $27,968 cash balance b. Check No. 3031 for $1.530. Check No. 3065 for $541, and Check No. 3069 for $2,298 are outstanding checks as of July 31 c. Check No. 3056 for July rent expense was correctly written and drawn for $1.220 but was erroneously entered in the accounting records as $1.210, d. The July bank statement shows the bank collected $7,000 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 1. The 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 $8,132 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 reconciliation for this company as of July 31. BRANCH COMPANY Bank Reconciliation July 31 Book balance Add: Bank statement balance Add Deduct Deduct: Adjusted bank balance Adjusted book balance

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