No journal entry required
Accounts payable
Accounts receivableE. Shaw
Advertising expense
Cash
Cash short and over
Collection expense
Computer equipment
Cost of goods sold
Delivery expense
Discounts lost
Interest earned
Janitorial expenses
Merchandise inventory
Mileage expense
Miscellaneous expenses
Notes receivable
Office supplies expense
Petty cash
Postage expense
Printing expense
Purchases
Purchases discounts
Purchases returns and allowances
Rent expense
Repairs expenseComputer
Sales
Sales discounts
Sales returns and allowances
Transportation-in
Utilities expense
TS Saved Required information The following information applies to the questions displayed below) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31 a. On July 31, the company's Cash account has a $25,027 debit balance but its July bank statement shows a $26,961 cash balance b. Check Number 3031 for $1,340, Check Number 3065 for $446, ond Chock Number 3069 for $2.108 are outstanding checks as of July 31 c. Check Number 3056 for July rent expense was correctly written and drawn for $1.230 but was erroneously entered in the accounting records as $1.220 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 Show 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 9. Branch's July 31 dally cash receipts of $9632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement 2. Prepare the journal tries necessary company 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fic View transaction list Journal entry worksheet 2 3 5 6 7 Record the adjusting entry required, if any, related to the July 31 cash balance. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to the outstanding checks. Note: Enter debits before credits Transaction General Journal Debit Credit b Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to Check Number 3056. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the adjusting entry required, if any, for the collection of the note by bank for Branch. Note: Enter debits before credits. General Journal Debit Credit Transaction d Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to the NSF check. Note: Enter debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 Record the adjusting entry required, if any, related to bank service charges. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet
