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please Problem 6-4A Preparing a bank reconciliation and recording entries [PP3 The following information is available to reconcile Branch Company's book balance of cash with
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Problem 6-4A Preparing a bank reconciliation and recording entries [PP3 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 $27,497 debit balance, but its July bank statement shows a $27,233 cash balance. b. Check No. 3031 for $1,482, Check No. 3065 for $382, and Check No. 3069 for $2,281 are outstanding checks as of July 31 . c. Check No. 3056 for July rent expense was correctly written and drawn for $1,270 but was erroneously entered in the accounting records as $1,250. d. The July bank statement shows the bank collected $7,955 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 $25 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 eash receipts of $11,514 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Inurnal entries for Rank Rronciliation Step by Step Solution
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