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On July 31, the companys Cash account has a $25,126 debit balance, but its July bank statement shows a $27,514 cash balance. Check No. 3031
- On July 31, the companys Cash account has a $25,126 debit balance, but its July bank statement shows a $27,514 cash balance.
- Check No. 3031 for $1,520, Check No. 3065 for $536, and Check No. 3069 for $2,288 are outstanding checks as of July 31.
- Check No. 3056 for July rent expense was correctly written and drawn for $1,230 but was erroneously entered in the accounting records as $1,220.
- The July bank statement shows the bank collected $6,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement.
- 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.
- The July statement shows a $9 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received.
- Branchs July 31 daily cash receipts of $7,132 were placed in the banks night depository on that date but do not appear on the July 31 bank statement.
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