QUESTIONS:

1. Record the adjusting entry required, if any, related to the July 31st cash balance.

2. Record the adjusting entry required, if any, related to the outstanding checks.

3. Record the adjusting entry required, if any, related to Check No. 3056.

4. Record the adjusting entry required, if any, for the collection of the note by bank for Branch.

5. Record the adjusting entry required, if any, related to the NSF check.

6. Record the adjusting entry required, if any, related to bank service charges.

7. Record the adjusting entry required, if any, related to the July 31st deposit.

Required Information Problem 6-4A Preparing a bank reconciliation 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 a. On July 31, the company's Cash account has a $24,835 debit balance, but Its July bank statement shows a $27744 cash balance. b. Check No. 3031 for $1.730. Check No. 3065 for $641, and Check No.3069 for $2,498 are outstanding checks as of July 31. c Check No. 3056 for July rent expense was correctly written and drawn for $1.240 but was erroneously entered in the accounting records as $1,230. d. The July bank statement shows the bank collected $8.500 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 $13 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been recelved. 9. Branch's July 31 dally cash receipts of $9.632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Problem 6-4A Part 2 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.) View transaction ist Journal entry worksheet Record the adjusting entry required, if any, related to the July 31 cash balance. Note: Enter debts before credits Transaction General Journal Debit Credit a. Record entry Clear entry View general journal