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 Companys book balance of cash with its bank statement cash balance as of July 31.

1. On July 31, the companys Cash account has a $25,860 debit balance, but its July bank statement shows a $28,001 cash balance.
2. Check No. 3031 for $1,440 and Check No. 3040 for $712 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $496 and Check No. 3069 for $2,208, both written in July, are not among the canceled checks on the July 31 statement.
3. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 3056 for July rent expense was correctly written and drawn for $1,210 but was erroneously entered in the accounting records as $1,200.
4. The July bank statement shows the bank collected $5,500 cash on a noninterest-bearing note for Branch, deducted a $28 collection expense, and credited the remainder to its account. Branch had not recorded this event before receiving the statement.
5. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF.
6. 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.
7. Branchs July 31 daily cash receipts of $6,652 were placed in the banks night depository on that date but do not appear on the July 31 bank statement.
8. Could someone tell me why there is a 100 difference

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 $25,860 debit balance, but its July bank statement shows a $28,001 cash balance b. Check No. 3031 for $1,440 and Check No. 3040 for $712 were outstanding on the June 30 bank reconciliation Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not Also, Check No. 3065 for $496 and Check No. 3069 for $2,208, both written in July, are not among the canceled checks on the July 31 statement. c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 3056 for July rent expense was correctly written and drawn for $1,210 but was erroneously entered in the accounting records as $1,200 d. The July bank statement shows the bank collected $5,500 cash on a noninterest-bearing note for Branch deducted a $28 collection expense, and credited the remainder to its account. Branch had not recorded this event e. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been f. The July statement shows a $8 bank service charge. It has not yet been recorded in miscellaneous expenses g. Branch's July 31 daily cash receipts of $6,652 were placed in the bank's night depository on that date but do not before receiving the statement. received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. because no previous notification had been received appear on the July 31 bank statement. Problem 6-4A Part 1 Required 1. Prepare the bank reconciliation for this company as of July 31 BRANCH COMPANY Bank Reconciliation July 31 Bank statement balance $ 28,001 Book balance $ 25,860 Add Add: Deposit of July 31 $ 6,652 Error (Check 3056) Proceeds of note less collection charge 90 6,652 34,653 5,472 5,562 31,422 Deduct: Deduct Check No. 3031 Check No. 3065 Check No. 3069 1,440 496 2,208 NSF check including fee Service charge 805 4,144 813 Adjusted bank balance $ 30,509 Adjusted book balance $ 30,609