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 $24,876 debit balance, but its July bank statement shows a $26,286 cash balance. b. Check No. 3031 for $1,130, Check No. 3065 for $341, and Check No. 3069 for $1,898 are outstanding checks as of July 3. c. Check No. 3056 for July rent expense was correctly written and drawn for $1,280 but was erroneously entered in the accounting records as $1,270. d. The July bank statement shows the bank collected $8,000 cash on a note for Branch. Branch had not recorded this event before recelving 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 $12 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been recelved. g. Branch's July 31 daily cash receipts of $9,132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconclled cash balance as of July (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled (If no entry is required for a transaction/event, select "No journal entry required" in the first account fielc Journal entry worksheet Record the adjusting entry required, if any, related to the July 31 cash balance. Note: Enter debits before credits. Journal entry worksheet (4) 567 Record the adjusting entry required, if any, related to the outstanding checks. Note: Enter debits before credits. 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled casi 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry required, if any, for the collection of the note by bank for Branch. Note: Enter debits before credits. Journal entry worksheet (1) 2 Record the adjusting entry required, if any, related to the NSF check. Note: Enter debits before credits. Journal entry worksheet (1) 2 Record the adjusting entry required, if any, related to bank service charges. Note: Enter debits before credits. ournal entry worksheet (1) 2 3 5 Record the adjusting entry required, if any, related to the July 31 deposit. Note: Enter debits before credits
