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Required Information Problem 6-4A (Algo) Preparing a bank reconciliation and recording entries LO P3 [The following information spplies to the questions displayed below.) 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 Cosh account hos $25,427 debit balance, but its July bank statement shows a $23.211 cash balance. b. Check Number 3031 for $1.680. Check Number 3065 for $616, and Check Number 3069 for $2.448 ore outstanding checks as of July 31. c. Check Number 3056 for July rent expense was correctly written and drawn for $1.230 but was erroneously entered in the accounting records as $1,220. d. The July bank statement shows the benk collected $3,500 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, Even Show. Branch has not yet recorded this check as NSF, f. The July statement shows a $13 benk 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 $9.632 were placed in the bank's night depository on the date but do not appear on the July 31 bank statement. a Problem 6-4A (Algo) Part 1 Required: 1. Prepare the bank reconciliation for this company as of July 31. BRANCH COMPANY Bank Reconciliation July 31 Book balance Add: Bank statement balance Add: Deduct Deduct: Adjusted bank balance Adjusted book balance