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Required information [The following information applles to the questions displayed below.] The following information Is avallable to reconclle Branch Company's book balance of cash with

image text in transcribed Required information [The following information applles to the questions displayed below.] The following information Is avallable to reconclle 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 $25,060 debit balance, but its July bank statement shows a $26,643 cash balance. b. Check Number 3031 for $1,200, Check Number 3065 for $376, and Check Number 3069 for $1,968 are outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly wrltten 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 $9,500 cash on a note for Branch. Branch had not recorded thls event before recelving the statement. e. The bank statement shows an $805NSF 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 \$14 bank service charge. It has not yet been recorded In miscellaneous expenses because no previous notificatlon had been recelved. g. Branch's July 31 dally cash recelpts of $10,632 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 reconclliation for this company as of July 31

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