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Question 4 (of 100 IThe following information applies to the questions displayed below) The following information ls avallable to reconcile Branch Company's book balance of

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Question 4 (of 100 IThe following information applies to the questions displayed below) The following information ls avallable to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2013. a. On July 31, the companys Cash account has a $25866 debit balance, but its July bank statement shows a $27300 cash balance. b. Check No. 3031 for $1160 and Check No, 3040 for $572 were outstanding on the June 30 bank reconciliation. Check No. 3040 islisted with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $356 and Check No. 3069 for $1928, both written in July, are not among the canceled checks on the July 31 statement. c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it found that Check No. 3056 for July rent was correctly written and drawn for $1220 but was err accounting records as $1,210, entered in the d. A credit memorandum enclosed with the July bank statement indicates the bank collected $6,500 cash on a non-interest-bearing note for Branch, deducted a $33 collection fee, and credited the remainder to its account. Branch had not recorded this event before receiving the statement. e. A debit memorandum for $805 lists a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF f Enclosed with the July statement is a $10 debit memorandum for bank services. has not yet been recorded because no previous notification had been received. g. Branch's July 31 daily cash receipts of$7652 were placed in the bank's night depository on that date. but do not appear on the July 31 bank statement. 1. Prepare the bank reconciliation for this company as of July 31.2013. BRANCH coMPANY Bank Reconciliation July 31, 2013

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