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prepare the journal entries necessary to make the companies book balance of cash equal to the reconciled cash balance as of July 31 12 Required
prepare the journal entries necessary to make the companies book balance of cash equal to the reconciled cash balance as of July 31
12 Required Information {The following information applies to the questions displayed below.) 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 $25,195 debit balance, but its July bank statement shows a $27731 cash balance. b. Check Number 3031 for $1,580, Check Number 3065 for $566, and Check Number 3069 for $2,348 are outstanding checks as of July 31 c. Check Number 3056 for July rent expense was correctly written and drawn for $1.270 but was erroneously entered in the accounting records as $1,260, d. The July bank statement shows the bank collected $7,000 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 Show. Branch has not yet recorded this check as NSF. . The July statement shows a $11 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received 9. Branch's July 31 daily cash receipts of $8,132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement nt ences 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of July 31. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the rece 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first acco View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to the July 31 cash balance. Note: Enter debits before credits es Transaction General Journal Debit Credit a Record entry Clear entry View general journal necessary to make the company's book balance of cash equal to the 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first ac View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to the outstanding checks. Note: Enter debits before credits. Transaction b. General Journal Dobit Credit Record entry Clear entry View general journal 2. Prepare the journal entries necessary to make the company's book balance of cash equal to t 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to bank service charges. Note: Enter debits before credits. Transaction f. General Journal Debit Credit Record entry Clear entry View general journal 2. Prepare the journal entries necessary to make the company's book balance of cash equal to th 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first View transaction list Journal entry worksheet Step by Step Solution
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