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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
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 $25,708 debit balance, but its July bank statement shows a $27,068 cash balance. b. Check No. 3031 for $1,110, Check No. 3065 for $331, and Check No. 3069 for $1,878 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 $8,000 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 Show. Branch has not yet recorded this check as NSF. 1. The July statement shows a $12 bank service charge. It has not yet been recorded in miscellaneous expenses 9. Branch's July 31 dolly cash receipts of $9.132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Required: $ S 4 3 % 5 6 7 00+ 9 e r t O d g h j K b m Required information BRANCH COMPANY Bank Reconciliation July 31 $ 27,068 Book balance Add Bank Statement balance Add Deposit of July 31 $ 9.132 9.132 36.200 Deduct: Tolo Deduct 0 0 Adjusted bank balance $ 36,200 Adjusted book balance o $ 3 5 7 8 9 O e
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