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 ed balance. 31 a. On July 31, the company's Cash account has a $25,349 debit balance, but its July bank statement shows a $27,311 cash b. Check No. 3031 for $1,350, Check No. 3065 for $451, and Check No. 3069 for $2,118 are outstanding checks as of July c. Check No. 3056 for July rent expense was correctly written and drawn for $1.270 but was erroneously entered in the d. The July bank statement shows the bank collected $6,500 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. 1. The July statement shows a $10 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 $7,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement erences 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 lit Journal entry worksheet ME Graw Book Record the adjusting entry required, if any, related to the outstanding checks. Note: Enter debts before credits References Transaction General Journal Debit Credit . Record entry Clear entry View general journal Me Hill Book Record the adjusting entry required, if any, for the collection of the note by bank for Branch Print Note: Enter debits before credits References Transaction General Journal Debit Credit Record entry Clear entry View general Journal ME 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 list Journal entry worksheet ook Record the adjusting entry required, if any, related to the NSF check. Print Note: Enter debits before credits ferences Transaction General Journal Debit Credit e. Record entry Clear entry View general Journal M Book Record the adjusting entry required, if any, related to bank service charges. Pem Note: Enter debits before credits References Transaction General Journal Debit Credit Record entry Clear entry View general Journal ME w
