Problem 8-4A Prepering a bank reconcllation and recording adjustments LO P3 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, 2017. a. On July 31, the company's Cash account hes a $25,640 debit bolance, butits July bank statement shows a $28,249 cash balance b. Check No.3031 for $1630 and Check No. 3040 for $807 were outstanding on the June 30 bank reconciliation. Check c. In comparing the canceled checks on the bank statement with the entries in the accounting records, t is found that d. The Juty bank statement shows the bank collected $6,500 cash on a noninterest-bearing note for Branch, deducted a e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been f. Tthe July statement shows a $10 bank service charge It has not yet been recorded in miscellaneous expenses because g. Brenchs July 31 daily cash receipts of $7.652 were placed in the bank's night depository on that date but do not No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $591 and Check No. 3069 for $2,398, both written in July, are not among the canceled checks on the July 31 statement Check No.3056 for July rent expense was correctly writen and drawn for S1230 but was erroneously entered in the accounting records as $1,220 $33 collection expense, and credited the remainder to its account Branch had not recorded this event before receiving the statement receved from a customer, Evan Shaw. Branch has not yet recorded this check as NSF no notfication had been received appear on the July 31 bank statement 2 Required 1. Prepere the bank reconciliation for this company as of July 31,2017 COMPANY July 31, 2017 S 28,249 Book balance 25,640 Add Add 28 249 25,640 Deduct $ 25,640