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of 2 a. On July 31, the company's Cash account has a $25,313 debit balance, but its July bank statement shows a $28,021 cash balance.
of 2 a. On July 31, the company's Cash account has a $25,313 debit balance, but its July bank statement shows a $28,021 cash balance. b. Check Number 3031 for $1,650, Check Number 3065 for $601, and Check Number 3069 for $2,418 are outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly written and drawn for $1.290 but was erroneously entered in the accounting records as $1,280. d. The July bank statement shows the bank collected $9,000 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. f. The July statement shows a $14 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 $10,132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement ook ences Required: 1. Prepare the bank reconciliation for this company as of July 31. BRANCH COMPANY Bank Reconciliation July 31 Book balance Bank statement balance Add Add: Deduct: Deduct NE 0419 Next > Prey
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