Problem $6-4$A $($Algo$)$ Preparing a bank reconciliation and recording entries LO P$3$

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$[$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 $31.$

On July $31,$ the company$$s Cash account has a $$24,933$ debit balance, but its July bank statement shows a $$26,994$ cash balance.

Check Number $3031$ for $$1,390,$ Check Number $3065$ for $$471,$ and Check Number $3069$ for $$2,158$ are outstanding checks as of July $31.$

Check Number $3056$ for July rent expense was correctly written and drawn for $$1,280$ but was erroneously entered in the accounting records as $$1,270.$

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.

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 $$11$ bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received.

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.Answer is not complete.

Required:

Prepare the bank reconciliation for this company as of July $31.$

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Problem $6-4$A $($Algo$)$ Preparing a bank reconciliation and recording entries LO P$3$

$[$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 $$24\mathrm{.}933$ debit balance, but its July bank statement

shows a $$26,994$ cash balance.

b$.$ Check Number $3031$ for $$1,390,$ Check Number $3065$ for $$471,$ and Check Number $3069$ for $$2158$

are outstanding checks as of July $31.$

c$.$ Check Number $3056$ for July rent expense was correctly written and drawn for $$1,280$ but was

erroneously entered in the accounting records as $$1,270.$

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 Shaw. Branch has not yet recorded this check as NSF$.$

f$.$ 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.

g$.$ Branch's July $31$ daily cash receipts of $B$,132$ were placed in the bank's night depository on that

date but do not appear on the July $31$ bank statement.