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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.

image text in transcribed 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 $25,338 debit balance, but its July bank statement shows a $28,321 cash balance. b. Check Number 3031 for $1,760, Check Number 3065 for $656, and Check Number 3069 for $2,528 are outstanding checks as of July 31. c. Check Number 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 $9,500 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. f. The July statement shows a $14 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 $10,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Problem 6-4A (Algo) Part 2 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field

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