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please help asap! Required information [The following information applies to the qucstions displayed below.] The following informotion is avalable to reconcile Branch Company's book balance
please help asap!
Required information [The following information applies to the qucstions displayed below.] The following informotion is avalable 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 $25,610 debit balance, but its July bank statement shows a $27,921 cash balance. b. Check Number 3031 for $1,490, Check Number 3065 for $521, and Check Number 3069 for $2,258 are outstanding checks as of July 31 c. Check Number 3056 for July rent expense was correcty written and drawn for $1,230 but was erronecusly entered in the accounting records as $1,220 d. The July bank statement shows the bank collected $7,500 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 hod 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 recelved. 9. Branch's July 31 daily cash receipts of $8.632 were placed in the bank's night depository on that date but do not appear on the July 31 bonk statement. Required: 1, Prepare the bank recenciliation for this company as of July 31 Step by Step Solution
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