ED #5 P6-4A A Saved 1 Required Information Part 1 of 2 - Problem 6-4A (Algo) Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies 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. 4 points a. On July 31, the company's Cash account has a $25,562 debit balance, but its July bank statement shows a $28,201 cash balance. b. Check No. 3031 for $1,620, Check No. 3065 for $586, and Check No. 3069 for $2,388 are outstanding checks as of X 04:32:23 July 31. eBook c. Check No. 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 $5,500 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, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $8 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 $6,632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. Print References 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