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Required Information The fotowing informetion appilies to the questions displayed betow The following Information Its avallable to recondle Branch Company's book balence of cash with

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Required Information The fotowing informetion appilies to the questions displayed betow The following Information Its avallable to recondle Branch Company's book balence of cash with its bank statement cash balance as of Juty 31. a. On July 31, the company's Cash account has a $24754 debit balance, but its July bank statement shows a $26,332 cash ballance b. Check No. 3031 for $1,220 and Check No. 3040 for $602 were outstanding on the June 30 bank reconcmation. Check No. 3040 is listed with the Juty canceled checks, but Check No. 3031 is not. Aiso, Check No. 3065 for $386 and Check No. 3069 for $1,988, both wrtten in July, are not among the canceled checks on the July 31 statement c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is d. The July bank statement shows the bank collected $7,500 cash on a noninterest-bearing note for Branch, e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had t. The July statement shows a $11 bank service charge. t has not yet been recorded in misceiianeous found that Check No. 3056 for July rent expense was correcty written and drawn for $1250 but was erroneousty entered in the accounting records as $1,240 deducted a $38 collection expense, and credited the remainder to its account. Branch had not recorded this event before receming the statement. been receved from a customer, Evan Shaw. Branch has not yet recorded this check as NSF expenses because no previous noinication had been received. g. Branch's Juty 31 daly cash receipts of $8.652 were ptaced in the banks night depository on that date but do not appear on the Juty 31 bank statement 2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconcied cash balance as of July 3t (if no entry is required for a transaction/event, select "No journat entry required in the first account fleid View transaction list View journal entry worksheet Debit Credit

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