$6-$ Exercises & Problems

a$.$ On July $31,$ the company's Cash account has a $$25,630$ debit balance, but its July bank statement shows a $$26,943$ cash balance.

b$.$ Check Number $3031$ for $$1,090,$ Check Number $3065$ for $$321,$ and Check Number $3069$ for $$1,858$ are outstanding checks as of July $31.$

c$.$ Check Number $3056$ for July rent expense was correctly written and drawn for $$1,250$ but was erroneously entered in the accounting records as $$1,240.$

d$.$ The July bank statement shows the bank collected $$6,000$ 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 Shaw. Branch has not yet recorded this check as NSF$.$

f$.$ The July statement shows a $$9$ 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 $$7,132$ were placed in the bank's night depository on that date but do not appear on the July $31$ bank statement.

Required:

Prepare the bank reconciliation for this company as of July $31.$

Prey.

of $3$

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