The following information is available to reconcile Branch Company's book balance of cash balance as of July 31, 2017 with its bank statement cash July 31 the companys Cash account hos a $25.644 debit balance. but its July bank statement shows o $26675 cash balance b. Check No. 3031 for $1,000 and Check No. 3040 for $492 were outstanding on the June 30 bank reconciliation. No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also. Check No.3065 for $276 and Check 3069 for $1.76 8. both written in July, are not among the canceled checks on the July 31 statement for July rent expense was correctly written and drawn for $1,220 but was erroneously entered in the c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 3056 accounting records as $1,210. The July bank statement shows the bank collected $7000 cash on a noninterest-bearing note for Branch, deducted a 5 collection expense, and credited the remainder to its account Branch had not recorded this event before receiving e. The bank statement shows an $805 charge for o $795 NSF check plus o $10 NSF charge. The check had been t. The July statement shows & $11 bank service charge, it has not yet been recorded in miscellaneous expenses because g. Branch's July 31 daily cash receipts of $8,152 were pleced in the bank's night depository on that date but do not appear the statement received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF no previous notification had been received on the July 31 bank statement Required 1. Prepare the bank reconceiistion for this company as of July 31 2017 Prey 23 of 3 Next > ere to search