Please help !! Is part 2 correct ? If it's not , can you make your own answer please.
UOCIKLIO a. On July 31, the company Cash account has a $24.888 debit balance, but its July bank statement shows a $26,301 Cush Malaga b. Check No. 3031 for $430 Chuck No 3065 for $34, and Check No 3069 for $1,898 are outstanding checks as of July 31 c Check No 3056 for July rent expence 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 $6,000 cash on a note for Branch Branch had not recorded this event before receiving the statement e. The barik statement shows an $806 NSF check the check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. t The July statement shows a $9 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous nouification had been received 9. Branch's Luly 31 daily cash receipt of $7132 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 Deposit of July 31 0 0 0 Deduct Deduct 0 0 Adjusted bank balance $ Adjusted book balance 0 a. On July 31, the company's Cash account has a $24,888 debit balance, but its July bank statement shows a $26,301 cash balance b. Check No. 3031 for $1,130, Check No. 3065 for $341, and Check No. 3069 for $1.898 are outstanding checks as of July 31 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 $6.000 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. t The July statement shows a $9 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous noufication had been received g Branch's July 31 daily cash receipts of $7.132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. - Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of July 2 (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction et View journal entry worksheet NO Transaction General Journal Debit Credit No journal entry required b No joumal entry required 10 3 Rent expense Cash 10 4 d. 6.000 Cash Notes receivable 8.000 805 5 Accounts receivable-E Shaw Cash 805 8 Miscellaneous expenses Cash
