Question: 2 of 2 Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance
Required intormation [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book bolance of cash with its bank statement cash balance as of July 31 . a. On July 31, the company's Cash account has a $25,243 debit bolance, but its July bank statement shows a $27,702 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 $1,240 but was erroneously entered in the accounting records as $1,230. d. The July bank statement shows the bank collected $8,500 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 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. 9. Branch's July 31 daily cash receipts of $9.632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Required intormation [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book bolance of cash with its bank statement cash balance as of July 31 . a. On July 31, the company's Cash account has a $25,243 debit bolance, but its July bank statement shows a $27,702 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 $1,240 but was erroneously entered in the accounting records as $1,230. d. The July bank statement shows the bank collected $8,500 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 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. 9. Branch's July 31 daily cash receipts of $9.632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement
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