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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 $25,157 debit balance, but its July bank statement shows a $27.568 cash balance. b. Check No. 3031 for $1.530. Check No. 3065 for $541, and Check No. 3069 for $2.298 are outstanding checks as of July 31. c Check No. 3056 for July rent expense was correctly written and drawn for $1.260 but was erroneously entered in the accounting records as $1.250. d. The July bank statement shows the bank collected $7,000 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 recelved from a customer, Evan Shaw Branch has not yet recorded this check as NSF 1. The July statement shows a $11 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been recelved. 9. Branch's July 31 dally cash receipts of $8.182 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Journal entry worksheet Record the adjusting entry required, if any, related to the July 31 cash balance. Note Enter debits Beace crains Transaction General Journal Credit a Record entry Clear entry View general Journal Journal entry worksheet
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