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Required Information [The following information applies to the questions displayed below.] The following information is avallable to reconcile Branch Company's book balance of cash with

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Required Information [The following information applies to the questions displayed below.] The following information is avallable 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 $24,850 debit balance, but its July bank statement shows a $27,064 cash balance. b. Check Number 3031 for $1,450, Check Number 3065 for $501, and Check Number 3069 for $2,218 are outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly written and drawn for $1,250 but was erroneously entered in the accounting records as $1,240. d. The July bank statement shows the bank collected $5,500 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 recelved from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $8 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 recelpts of $6,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Required: 1. Prepare the bank reconcillation for this company as of July 31

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