Question: ? Required information Problem 6-4A (Algo) Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below! The

Required information 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 a. On July 31. the company's Cash account has a $25.057 debit balance, but its Jury bank statement shows a $25,169 b. Check No 2031 for $1,010. Check No 3065 for $281 and Check No 3069 for $1778 are outstanding checks as of July 31 c. Check No 3056 for July rent expense was correctly written and drawn for $1.220 but was erroneously entered in the accounting records as $1210 d. The Juy bank statement shows the bank collected $6500 cash on a note for Branch Branch had not recorded this event before receiving the statement e. The bank statement shows an $80s NSF check. The check had been received from a customer Evan Saw. Branch has not yet recorded this check as NSF The July statement shows a $10 bank service charge it has not yet been recorded in micellaneous expenses because no previous notification had been received 9. Branch's July 31 daily cash receipts of $7632 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement Required: 1. Prepare the bank reconciation for this company as of July 31 BRANCH COMPANY Bank Reconciliation July 31 Bock balance Add Bar A 01 Dodat Dood O Aanko 5 DLA Dock
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
