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 On July 31, the company's Cash account has a $24,839 debit balance, but its July bank statement shows b. Check No. 3031 for $1770. Check No 3065 for $661, and Check No. 3069 for $2.538 are outstanding checks as of July 31 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. The bank statement shows an $80s NSF check. The check had been received from a customer. Even Shaw, Branch has not yet recorded this check as NSF. 1. The July statement shows a $13 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. 9. Branch's July 31 daily 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. Of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the adjusting entry required, if any, related to the July 31 cash balance. Note: Enter debits before credits. Transaction General Journal Debit Credit RE Record entry View general journal Clear entry Required information 2 Problem 6-4A Preparing a bank reconciliation and recording adjustments to pa (The following information applies to the questions displayed below! The following information is available to reconcle 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 hos a $24,839 debit balance, but is July bank statement show b. Check No. 3031 for $1770, Check No. 3065 for $661, and Check No 3069 for $2.538 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 $1230 d. The Julybank statement shows the bank collected $8,500 cash on a noto for franch Branch had not The bank statement shows an SOS NSF check. The check had been received from a customer, Evan The July statement shows a $13 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. 9. Branch's July 31 daily 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. Shaw, Branch has not yet recorded this check as NSF, Problem 6-4A Part 1 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: 0 0 Deduct 0 0 Deduct Adjusted bank balance $ 0 Adusted book balance D D $