The following information is available to reconcile Branch Companys book balance of cash with its bank statement cash balance as of July 31.

1. On July 31, the companys Cash account has a $25,494 debit balance, but its July bank statement shows a $27,951 cash balance.
2. Check Number 3031 for $1,550, Check Number 3065 for $551, and Check Number 3069 for $2,318 are outstanding checks as of July 31.
3. Check Number 3056 for July rent expense was correctly written and drawn for $1,230 but was erroneously entered in the accounting records as $1,220.
4. The July bank statement shows the bank collected $10,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement.
5. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF.
6. The July statement shows a $15 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received.
7. Branchs July 31 daily cash receipts of $11,132 were placed in the banks night depository on that date but do not appear on the July 31 bank statement.

2 ! art 1 of 2 3.33 mints cash balance Required information [The following information applies to the questions displayed below) The following information is available 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 $25,494 debit balance, but its July bank statement shows a $27951 b. Check Number 3031 for $1,550, Check Number 3065 for $551, and Check Number 3069 for $2,318 are outstanding checks as of July 31 c. Check Number 3056 for July rent expense was correctly written and drawn for $1.230 but was erroneously entered in the accounting records as $1,220. d. The July bank statement shows the bank collected $10,000 cash on a note for Bronch. Branch had not recorded this event before receiving the statement e. The bank statement shows an $805 NSF check. The check hod been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. 4. The July statement shows a $15 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. 9. Branch's July 31 daily cash receipts of $11132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. 1 of 2 Required: 1. Prepare the bank reconciliation for this company as of July 31. 3 $ 25,494 Bank statement balance Add: Deposit of July 31 Deposit of July 31 Answer is not complete. BRANCH COMPANY Bank Reconciliation July 31 $ 27,951 Book balance Add: $ 2.457 % 2.457 Proceeds from note 30,408 Deduct 1,550 551 2,318 4.419 $ 25,989 Adjusted book balance > 0 25.494 Deduct Check Number 3031 Check Number 3065 Check Number 3069 >> O Adjusted bank balance $ 25,494 3 Part 2 of 2 33 34 points Required information [The following information applies to the questions displayed below) The following information is available 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 $25,494 debit balance, but its July bank statement shows a $27,951 cash balance b. Check Number 3031 for $1,550, Check Number 3065 for $551, and Check Number 3069 for $2,318 are outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly written and drawn for $1.230 but was erroneously entered in the accounting records as $1,220. d. The July bank statement shows the bank collected $10,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw, Branch has not yet recorded this check as NSF. 1. The July statement shows a $15 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. g. Branch's July 31 daily cash receipts of $11132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement eBook References 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of July 31. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction ist Part 2 of 2 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the recor 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first accour 33.34 points View transaction list Journal entry worksheet eBook Print Record the adjusting entry required, if any, related to the July 31 cash balance. References Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general Journal S Homework Saved why. www www. on the July 31 bank statement. 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the rec 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first acc View transaction list Journal entry worksheet Record the adjusting entry required, if any, related to the outstanding checks. tes Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general Journal Homework i Saved ---- on the July 31 bank statement. 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the re 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first acc View transaction list Journal entry worksheet 1 2 4 w 5 6 7 > Record the adjusting entry required, if any, related to Check Number 3056. Note: Enter debits before credits Transaction General Journal Debit Credit C. Record entry Clear entry View general journal .S TE 2. Prepare the journal entries necessary to make the company's book balance of cash equal tot 31. (If no entry is required for a transaction/event, select "No journal entry required" in the firs View transaction list Journal entry worksheet