Question: Explain with steps Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.)

Explain with steps

Explain with steps Required information Problem 6-4A Preparing a bank reconciliation and

Required information Problem 6-4A 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. a. On July 31, the company's Cash account has a $25,304 debit balance, but its July bank statement shows b. Check No. 3031 for $1.390, Check No. 3065 for $471, and Check No. 3069 for $2,158 are outstanding c. Check No. 3056 for July rent expense was correctly written and drawn for $1.240 but was erroneously d. The July bank statement shows the bank collected $10,000 cash on a note for Branch Branch had not e. The bank statement shows an $80s NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. The July statement shows a $15 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 $11132 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Problem 6-4A Part 2 2. Prepare the journal entries necessary to make the company's book balance of cash equal to the reconciled cash balance as of July 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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