Required Information Problem 8-4A 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, 2017 a. On July 31, the company's Cash account has a $24,752 debit balance, but its July bank statement shows a $26,840 cash balance. b. Check No. 303 c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that d. The July bank statement shows the 1 for $1,420 and Check No. 3040 for $702 were outstanding on the June 30 bank reconcillation. Check No. 3040 Is listed with the July canceled checks, but Check No. 3031 Is not. Also, Check No. 3065 for $486 and Check No. 3069 for $ 2188, both written in July, are not among the canceled checks on the July 31 statement. Check No. 3056 for July rent expense was correctly written and drawn for $1,230 but was erroneously entered in the accounting records as $1,220 bank collected $6,000 cash on a noninterest-bearing note for Branch, deducted a collection expense, and credited the remainder to its account. Branch had not recorded this event before recelving the s e. The bank statement show t. The July statement shows a $9 bank service charge. it has not yet been recorded in miscellane g Branch's July 31 dally cash receipts of $7152 were placed in the bank's night depository on that date but do not appear s an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been mer, Evan Shaw. Branch has received from a no previous notification had been received on the July 31 bank statement. s not yet recorded this check as NSF