The following Information is avallable to reconcile Branch Company's book balance of cash with Its bank statement cash balance as of July 31, 2017 a On July 31, the companv's Cash account has a $24 758 debit balance, but Its July bank statement shows a $27104 cash balance b Check No 3031 for $1,530 and Check No 3040 for $757 were outstanding on the June 30 bank reconcillation Check No 3040 Is listed with the July canceled checks, but Check No 3031 Is not Also, Check No 3065 for $541 and Check No 3069 for $2,298, both wrltten In July, are not among the canceled checks on the July 31 statement c In comparing the canceled checks on the bank statement with the entries In the accounting records, It Is found that Check No 3056 for July rent expense was correctly written and drawn for $1,210 but was erroneously entered In the accounting records as $1 200 d The July bank statement shows the bank collected $8 500 cash on a noninterest bearing note for Branch, deducted a $43 collection expense, and credited the remainder to its account Branch had not recorded this event before recelving the statement e The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge The check had been recelved from a customer, Evan Shaw Branch has not yet recorded this check as NSF f The July statement shows a $13 bank service charge It has not yet been recorded in miscellaneous expenses because no previous notification had been recelved q Branch's July 31 dally cash recelpts of $9,652 were placed In the bank's night depository on that date but do not appear on the July 31 bank statement Prepare the Journal entries necessary to bring the company's book balance of cash imto conformity with the reconciled cash balance s of July 31, 2017 (If no entry is required for a transaction event, select No journal entry required in the first account field ) View transaction ist Journal entry worksheet 1 2 3 5 6 7 Record the adjusting entry required, if any, related to the July 31 cash balance Note Enter debits before credits General Journal Transaction Debit Credit Clear entry Record entry Vlew general Journal

Question

The following Information is avallable to reconcile Branch Company's book balance of cash with Its bank statement cash balance as of July 31, 2017 a  On July 31, the companv's Cash account has a $24 758 debit balance, but Its July bank statement shows a $27104 cash balance  b  Check No  3031 for $1,530 and Check No  3040 for $757 were outstanding on the June 30 bank reconcillation  Check No  3040 Is listed with the July canceled checks, but Check No  3031 Is not  Also, Check No  3065 for $541 and Check No  3069 for $2,298, both wrltten In July, are not among the canceled checks on the July 31 statement  c  In comparing the canceled checks on the bank statement with the entries In the accounting records, It Is found that Check No  3056 for July rent expense was correctly written and drawn for $1,210 but was erroneously entered In the accounting records as $1 200  d  The July bank statement shows the bank collected $8 500 cash on a noninterest bearing note for Branch, deducted a $43 collection expense, and credited the remainder to its account  Branch had not recorded this event before recelving the statement  e  The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge  The check had been recelved from a customer, Evan Shaw  Branch has not yet recorded this check as NSF f  The July statement shows a $13 bank service charge  It has not yet been recorded in miscellaneous expenses because no previous notification had been recelved  q  Branch's July 31 dally cash recelpts of $9,652 were placed In the bank's night depository on that date but do not appear on the July 31 bank statement Prepare the Journal entries necessary to bring the company's book balance of cash imto conformity with the reconciled cash balance s of July 31, 2017  (If no entry is required for a transaction event, select  No journal entry required  in the first account field ) View transaction ist Journal entry worksheet 1 2 3 5 6 7 Record the adjusting entry required, if any, related to the July 31 cash balance Note  Enter debits before credits  General Journal Transaction Debit Credit Clear entry Record entry Vlew general Journal

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The following Information is avallable to reconcile Branch Company's book balance of cash with Its bank statement cash balance as of July 31, 2017 a.

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