record entry for each letter
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 $25,628 debit balance, but its July bank statement shows a $27,336 cash balance b. Check No. 3031 for $1.250, Check No. 3065 for $401, and Check No.3069 for $2,018 are outstanding checks, as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1.290 but was erroneously entered in the accounting records as $1280 d. The July bank statement shows the bank collected $9,500 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 $14 bank service charge. It has not yet been recorded in miscellaneous expenses because yo previous notification had been received. 9. Branch's July 31 dally cash receipts of $10,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Required: Required: 1. Prepare the bank reconciliation for this company as of July 31. BRANCH COMPANY Bank Reconciliation July 31 Book balance Add: Bank statement balance Add es Deduct: 1 Deduct: Adjusted bank balance Adjusted book balance education.com/exum Saved Help Save & omework CH 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 $25,628 debit balance, but its July bank statement shows a $27336 cash balance b. Check No. 3031 for $1.250, Check No 3065 for $401 and Check No 3069 for $2,018 are outstanding checks as of July 31 c. Check No 3056 for July tent expense was correctly written and drawn for $1.290 but was erroneously entered in the accounting records as $1.280, d. The July bank statement shows the bank collected $9.500 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 NSE f. The July statement shows a S14 bank service charge. It has not yet been recorded in miscellaneous expenses because ho previous notification had been received 9. Branch's July 31 dally cash receipts of $10,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement 2. Prepare the joumal 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 list 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 Transaction General Journal Debit Credit a. 7 Record entry Clear entry View general Journal Required information [The following information applies to the questions displayed below) Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,045 and No. 5893 for $481. Check No. 5893 was still outstanding as of September 30. The following information is available for its September 30 reconciliation From the September 30 Bank Statement PREVIOUS BALANCE TOTAL CHECKS AND DEBITS TOTAL DEPOSITS AND CREDITS 17,000 9,919 11,554 18,635 CURRENT BALANCE 5901 CHECKS AND DEBITS Date No. Amount 09/03 5888 1,045 09/94 5992 776 09/07 1,867 09/17 647 NSE 09/20 5905 949 09/22 5993 434 09/22 5904 2,083 09/28 5907 254 89/29 5909 1,859 DEPOSITS AND CREDITS Date Amount 09/05 1,124 09/12 2,245 09/23 4,178 09/25 09/30 18 IN 29/30 1,620 CM 2,369 26 From Chavez Company's Accounting Records Cash Receipts Deposited Cash Date Debit Sept. 5 1,124 12 2,245 21 4,178 25 2.369 30 1.794 11,710 Cash Payments Check No. Credit 3 +1 of 2 Cash Payments Cash Check No Credit 5981 1,667 5902 776 5903 434 5904 2,047 5985 949 5906 970 5907 254 5908 414 5999 1,859 9,570 eBook PR Pent Debit Credit Cash Date Explanation Aug. 31 Balance Sept. 30 Total receipts 30 Total payments Acct. No. 101 Balance 15,474 27,184 17,614 R12 023 11,710 9.570 References Additional Information (a) Check No. 5904 is correctly drawn for $2.088 to pay for computer equipment however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2.047. (b) The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her occount Its return has not yet been recorded by the company (c) The credit memorandum (CM) is from the collection of a $1620 note for Chavez Company by the bank. The collection is not yet recorded Required: 1. Prepare the September 30 bank reconciliation for this company. CHAVEZ COMPANY Bank Reconciliation September 30 Book balance Add: Bank statement balance Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. (If no entro transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. es Note: Enter debits before credits. Debit General Journal Date Credit Sept 30 Record entry Clear entry View general Journal
