Required information Problem 8-4A Preparing a bank reconcillation and recordling adjustments LO P3 The following information applies to the questions dispiayed 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 $25,640 debit belance, but ts July bank statement shows a $28,249 cash balance b. Check No.3031 for $1,630 and Check No.3040 for $807 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $591 and Check No. 3069 for $2,398, 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 c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that accounting records as $1.220 d. The July bank statement shows the bank collected $6,500 cash on a noninterest-bearing note for Branch, deducted a $33 collection expense, and credited the remainder to its account. Branch had not recorded this event before receiving e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge The check had been f. The July statement shows a S10 bank service charge. It has not yet been recorded in miscellaneous expenses because g. Branch's July 31 daily cash recejpts of $7,652 were placed in the bank's night depository on that date but do not the statement received from a customer, Evan Shaw Branch has not yet recorded this check as NSF no previous notfication had been received bopeer on the July 31 bank statement 22 Problem 8-4A Part 2 2. Prepare the journal entles necessary to bring the company's book balance of cash into conformity with the reconciled cash balance Prepare the journal entries necessary to b no entry ls required for a trensaction/event, select "No journal entry required" in the first account field.) ints Paint Journal entry worksheet Record the adjusting entry required,if any, related to the July 31 cash balance. Debit Credit