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The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash belence as of July 31. a. On
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash belence as of July 31. a. On July 31, the company's Cash account hes $25,382 debit balance, but its July benk statement shows a $27.995 cash balance b. Check No. 3031 for $1.610. Check No. 3065 for $581, end Check No. 3069 for $2.378 are outstanding checks as of July 31. c. Check No 3056 for July rent expense was correctly written and drawn for $1.270 but was erroneously entered in the accounting records as $1,260 d. The July bank statement shows the bank collected $6,000 cash on a note for Branch. Brench had not recorded this event before receiving the statement. e. The bank statement shows en $805 NSF check. The check had been received from a customer, Even Show. Brench has not yet recorded this check as NSF. f. The July statement shows a $9 benk service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received g. Bronch's July 31 daily cash receipts of $7.132 were placed in the bank's night depository on the date but do not appear on the July 31 bank statement. 1 Record the adjusting entry required, if any, related to the July 31 cash balance. 2 Record the adjusting entry required, if any, related to the outstanding checks. 3 Record the adjusting entry required, if any, related to Check No. 3056. * Record the adjusting entry required, if any, for the collection of the note by bank for Branch. 5 Record the adjusting entry required, if any, related to the NSF check. Record the adjusting entry required, if any, related to bank service charges. 7 Record the adjusting entry required, if any, related to the July 31 deposit
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